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Saturday, August 11, 2012

Invoice Matching 2-Way, 3-Way and 4-Way

When Invoices are matched with PO, following 3 options can be used to match the PO.

2-Way Match: In 2-Way Match PO Quantity Should Match with Invoice Quantity and PO Unit Price should match with Invoice Unit Price. All the matching should be with in the tolerance limits allowed in the Receiving Control options.

           PO Unit Price = Invoice Unit Price
           PO Quantity = Invoice Quantity
3-Way Match:  In 3-Way Match PO Quantity should match with Invoice Quantity and Receipt Quantity. Also PO Unit Price should match with Invoice Unit Price. All the matching should be with in the tolerance limits allowed in the Receiving Control options.

           PO Unit Price = Invoice Unit Price
           PO Quantity = Invoice Quantity
           Invoice Quantity = Receipt Quantity

4-Way Match: In 4-Way Match PO Quantity should match with Invoice Quantity and Receipt Quantity and also Accepted Quantity Also PO Unit Price should match with Invoice Unit Price. All the matching should be with in the tolerance limits allowed in the Receiving Control options.

           PO Unit Price = Invoice Unit Price
           PO Quantity = Invoice Quantity
           Invoice Quantity = Accepted Quantity
           Invoice Quantity = Receipt Quantity


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2 comments:

  1. Gene BerniceAugust 16, 2012 at 6:14 AM

    This article makes people to be aware of invoice matching, because invoice is critically important for business growth.













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  2. Rodney TapleyApril 17, 2019 at 9:39 AM

    I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well.. online invoice software

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