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What is 2 way, 3 way and 4 way matching?
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Answer Posted / mahi
2-Way Matching:
The process of verifying that purchase order and invoice
information matches within accepted tolerance levels.
Receivables uses the following criteria to verify two-way
matching:
Invoice price <= Order price
Quantity billed <= Quantity ordered
3-Way Matching:
The process of verifying that purchase order, invoice, and
receiving information matches within accepted tolerance
levels. Receivables uses the following criteria to verify
three-way matching:
Invoice price <= Purchase Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
4-Way Matching:
The process of verifying that purchase order, invoice, and
receiving information matches within accepted tolerance
levels. Receivables uses the following criteria to verify
four-way matching:
Invoice price <= Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
Quantity billed <= Quantity accepted
| Is This Answer Correct ? | 118 Yes | 27 No |
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