What are the different types of matching in ap(2,3,4 amd receipt only matching)? Explain them?
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Answer / Gajender Kumar
The different types of matching in AP(2,3,4) and Receipt Only Matching are:
1. Two-Way Matching: This is the default setting where both the PO (Purchase Order) and the Vendor Invoice are matched against each other based on line item details like PO number, vendor invoice number, item, quantity, unit price, and total amount.
2. Three-Way Matching: This involves matching the PO, Vendor Invoice, and Receipt (goods receipt) against each other. It is used when there are discrepancies between the PO and Vendor Invoice that need to be resolved before the payment can be made.
3. Four-Way Matching: This type of matching includes the AP Check as well in addition to PO, Vendor Invoice, and Receipt. It is used when you want to ensure that the payment has been made after the goods have been received.
4. Receipt Only Matching: This type of matching is used when there are discrepancies between the PO and Vendor Invoice and it is not possible or desirable to correct them. In this case, the system matches the receipt against the line item on the PO without considering the vendor invoice.
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