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What is 2 way , 3 way and 4 way matching?

Answers were Sorted based on User's Feedback

What is 2 way , 3 way and 4 way matching?..

its related to ap invoice type of QUICK MATCH invoice
by setting up of the matching approval we can generate this
invoice

we have 3 types of matching
2way match -- po & invoice,
3way match--- po,invoice&receipt
4way match--- po,invoice,inspection&receipt

 Is This Answer Correct ? 163 Yes 12 No

What is 2 way , 3 way and 4 way matching?..

Making payments to the suppliers in 3 ways
what ever you have orderd for the PO we will make the
payment for the suppliers in 2-way(we will compare two
documents PO and Invoice).

eg:Suppose we Had given PO for 100 items,for that we will
receive invoice for 100 items.so that we will make payment
for that 100 items.

2) In 3-Way we will compare 3 documents
PO+reciept+Invoice

Eg:Suppose we have ordered 100 items in PO.But we had
items.so,we will make payment for only 80 items

3)IN 4-Way we will compare 4 documents

PO+Receipt+Invoice+Inspection

Eg:Suppose we have 100 items in PO.Suppers send us 80 items
We will do inspection on those items what ever we have
received,IF 10 items got damaged.fially,we are going to
make payment to the 70 items only.

 Is This Answer Correct ? 110 Yes 8 No

What is 2 way , 3 way and 4 way matching?..

example - suppose u received 100 items

2way - 100po - 100 invoice

3way - 100po - receipt80 - 80invoice

4way - 100po - receipt80 - inspection50 - 50invoice

 Is This Answer Correct ? 49 Yes 18 No

What is 2 way , 3 way and 4 way matching?..

2 way = p.o , invoice

3 way = p.o , invoice, receipt

4 way = p.o , invoice, recepit, inspoection report

 Is This Answer Correct ? 30 Yes 7 No

What is 2 way , 3 way and 4 way matching?..

2way = invoice qnty = po qnty
3way = 2way + invoice rec qnty
4way = 3way + inovice rec qnty = Accpected qnty

 Is This Answer Correct ? 61 Yes 44 No

What is 2 way , 3 way and 4 way matching?..

Most audit firms do a 3 way match. They compare the P.O.
to the invoice to the receipt. In a 4 way match at
Business Strategy, Inc. we also compare the contract to
these first 3 documents thus making it a 4 way match.

 Is This Answer Correct ? 21 Yes 8 No

What is 2 way , 3 way and 4 way matching?..

Two way Matching:

Quantity Billed - Quantity Ordered
Invoice Price - Purchase Order Price

Three Way Matching:

Quantity Billed - Quantity Ordered
Invoice Price - Purchase Order Price

Four Way Matching:

Quantity Billed - Quantity Ordered
Invoice Price - Purchase Order Price
Quantity Billed - Quantity Accepted

This is called two way,three way and four way matching.

 Is This Answer Correct ? 13 Yes 0 No

What is 2 way , 3 way and 4 way matching?..

2 Way match means : Invoice and Purchase Order
3 Way match means : Invoice and Purchase Order and Goods Receipt
4 Way match means : Invoice and Purchase Order and Goods Receipt and with Verifications and Approval

 Is This Answer Correct ? 6 Yes 0 No

What is 2 way , 3 way and 4 way matching?..

Making payments to the suppliers in 3 ways
what ever you have orderd for the PO we will make the
payment for the suppliers in 2-way(we will compare two
documents PO and Invoice).

eg:Suppose we Had given PO for 100 items,for that we will
receive invoice for 100 items.so that we will make payment
for that 100 items.

2) In 3-Way we will compare 3 documents
PO+reciept+Invoice

Eg:Suppose we have ordered 100 items in PO.But we had
items.so,we will make payment for only 80 items

3)IN 4-Way we will compare 4 documents

PO+Receipt+Invoice+Inspection

Eg:Suppose we have 100 items in PO.Suppers send us 80 items
We will do inspection on those items what ever we have
received,IF 10 items got damaged.fially,we are going to
make payment to the 70 items only.

 Is This Answer Correct ? 2 Yes 0 No

What is 2 way , 3 way and 4 way matching?..

when we received stock from vendors,we have to check invoice in two methods
1) two way
2) three way
two way means invoice checking along with po
three way means invoice checking along with po and Goods receipt no

 Is This Answer Correct ? 0 Yes 0 No

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