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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?..

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

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