What is 2way and 3way matching?
Asked by Venkatreddy C
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1 Answer
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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
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