Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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 ?    291 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 ?    49 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 ?    6 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 / 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

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 ?    0 Yes 1 No

Post New Answer



More Oracle Apps Financial Interview Questions

how to set the interset for the supplier?

3 Answers  


Is it possible to retire an asset in the same period it is added?

2 Answers  


what us auto accounting rule?

1 Answers   Arihant,


What are the various Implementation method for oracle apps

5 Answers   GTL,


Accounting methods?

5 Answers  






how to transfer the Invoices entries from AP to GL, can any body give the answer

3 Answers   First Indian Corporation,


What is difference between match and quick match?

3 Answers   Genesis,


what is invoice variance in ap

2 Answers   Accenture,


how to create a journal source by user9

1 Answers   Logica CMG,


What is the difference between Rollup Groups and Summary Accounts? What is the use of those?

1 Answers  


what is subledger accounting

3 Answers   Ernst Young, TCS,


what is the gap analysis, how do you defined.what are the pre- requisities

2 Answers   Tech Mahindra,






Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (791)
  • 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)