what is the invoice matching

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what is the invoice matching..

Answer / sanjoy mukhopadhyay , cesc ltd

Different ways of Invoie Matching
=================================

Level of Matching
-----------------


Two–Way: Purchase order and invoice quantities must match
within tolerance before the corresponding invoice can be
paid.


Three–Way: Purchase order, receipt, and invoice quantities
must match within tolerance before the corresponding
invoice can be paid.


Four–Way: Purchase order, receipt, accepted, and invoice
quantities must match within tolerance before the
corresponding invoice can be paid.


Level of Matching is set up in the PO and cannot be changed
while matching the invoice.


The Invoice Match Option( e.g: Receipt ) and
the Match Approval Level( PO set-up) are
independent options. One can perform whichever Invoice
Match Option he wants regardless of the Match Approval
Level.

Is This Answer Correct ?    5 Yes 0 No

what is the invoice matching..

Answer / vm.chowdary

Invoice Matching is nothing but matching invoices with respect to purchase orders. purchase orders have three types of matching options. 1. Two way matching 2. Three way matching
3. Three way matching. If you are good at backend tables, observe po_line_locations_all Table, we have two columns called inspection_required and Receipt required. if both are flagged 'Y' then invoice is 4 way match to PO i.e, while creating receipt manual inspection of goods is required. in other words we need to enter quantity manually in receipts and creation of receipt is mandatory in this process. In 3 way Match Approval Option receipt required is Y and Inspection required is N Here inspection of goods received is not mandatory. In two way Match approval Both flags are 'N' in this case receipt creation is not necessary to pay for the purchase order.

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