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?..

Answer / shravan kumar

Making payments to the suppliers in 3 ways.
what ever you have ordered 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
received only 80 items ,But we had received invoice for
100 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. finally, we are
going to
make payment to the 70 items only.

Is This Answer Correct ?    292 Yes 22 No

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

Answer / mahi

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

4-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
four-way matching:

Invoice price <= Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
Quantity billed <= Quantity accepted

Is This Answer Correct ?    117 Yes 27 No

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

Answer / sunitha p

INVOICE , PO----------2WAY MATCH
INVOICE ,PO ,GRN-------3WAY MATCH
INVOICE ,PO ,GRN AND QC-------4WAY MATCH

Is This Answer Correct ?    92 Yes 9 No

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

Answer / kranthioracle

2 way matching

when u match purchase order or reciept, during invoice
validation, it will check the 2 conditions

1. Quantity billed <= Quantity ordered
2. Invoice price <= Purchase order price

while raising po (we mention the quantity & po price)
(5) (5) =25
the system will check the invoice quantity & invoice price)
(5) (5) =25

3 way matching
--------------
1.Quantity billed <= Quantity ordered (5)=(5) quantity
2.invoice price <= Purchase order price (5)=(5) price
3.Quantity billed <= Quantity received (5)= (4) quantity



4 way matching
--------------

1.Quantity billed <= Quantity ordered (5)=(5) quantity
2.invoice price <= Purchase order price (5)=(5) price
3.Quantity billed <= Quantity received (5)= (4) quantity
4.Quantity billed <= Quantity accepted (5)= (3)accepted
quantity after inseption.

it ckecks all the condition , system will accpect all these
conditions if it is with in tolerance, or else it will hold

Is This Answer Correct ?    50 Yes 11 No

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

Answer / zubin

two way :
IR (invoice Received) & PO (Purchase Order)

Three Way:
GR (Good Received), IR & a PO

Four way:
GR, IR, PO and actual Quantity Received(QR)

Four way matching is nathing but a little elaborating the previously exist three way matching. this is a new concept in the market. one can varify this fouth element through GRN(Goods Received Note) from the supplier if any conflict occured.

Is This Answer Correct ?    7 Yes 0 No

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

Answer / pooja

The following criteria to verify two-way matching:

Invoice price <= Order price
Quantity billed <= Quantity ordered

The following criteria to verify three-way matching:

Invoice price <= Purchase Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received

The following criteria to verify four-way matching:

Invoice price <= Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
Quantity billed <= Quantity accepted

Is This Answer Correct ?    1 Yes 0 No

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

Answer / sagar ainapure

Invoice And P.O. - 2way
Invoice , P.O. and GRN ( Goods receiving Note) - 3 Way
Invoice, P.O., GRN and GIR ( Goods Inspection Report) - 4way

Is This Answer Correct ?    1 Yes 1 No

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

Answer / vijayapk

2 Way
PO and Invoice
3 Way
PO and GR and invoice
4 Way
Po and GR and invoice and inspection

Is This Answer Correct ?    0 Yes 0 No

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

Answer / balaji.av

Hi Friends,

I need your help, Can you please share me basic account metrical. i need to prepare for interview so can you send me mertical for my personal email id - balaji.av86@gmail.com

i need realted accounts payable and finance realted metricals. its help lot

Is This Answer Correct ?    1 Yes 2 No

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

Answer / mkraj

Hi

Please share the sap fi-co matirial, i need to prepare for interview so can you send me mertical for my personal email id "mkrajkings@gmail.com"





Thanks
MKraj

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Oracle Apps Financial Interview Questions

how to do bank reconciliation

2 Answers   Arihant,


What is internal-external bank (account)? Suppliers bank account? Inernal-external sales order? In AP, do you settup each supplier with its own account or you just use your expense/charge account for all supplier.Whatif you want to know how much money you paid to a particular supplier?

2 Answers  


Substitute receipts and Unordered Receipts

0 Answers  


What is a Hold? Explain the types of Hold

7 Answers   HCL, IBM, TCS,


what are the execution methods in oracle apps ?

2 Answers   TCS,






How to Write off AP invoices which are not paid or in future we dont want to pay?

1 Answers  


what is the tax levels in AP?

1 Answers  


what is the importance of below three profile options? 1.HR Business group 2.HR User type 3.HR Security

3 Answers   Genesis,


Item is not showing in the items list, what is the reason for that in backend?

1 Answers   Cap Gemini,


What are the various statuses of Transactions

1 Answers   Accenture,


what is the meaning of fnd_request.submit_request(...) ?

3 Answers  


Hoe to refund prepayment amount

3 Answers   TCS,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)