What are the matching Po options in AP Invoice Workbench and
what is the different b\w them?
- 1 Answers
- 5810 Views
- I also Faced
- E-Mail Answers
Answer Posted / siraj ahmad
there are 2 ways,3 ways and 4 ways matching for PO.
In 2-way: what ever you have ordered for the PO you will
make the payment for the suppliers in 2- way i.e we will
compare two documents PO and Invoice.
2-way matching verifies that Purchase order and invoice
information match within your tolerances:
Quantity billed <= Quantity Ordered
Invoice price <= Purchase order price
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.
In 3-Way you will compare 3 documents i.e
PO+reciept+Invoice.
3-way matching verifies that the receipt and invoice
information match with the quantity tolerances defined:
Quantity billed <= Quantity received.
Eg:Suppose we have ordered 100 items in PO. But we had
received only 75 items ,But we had received invoice for 100
items. so, we will make payment for only 75 items.
In 4-Way you will compare 4 documents i.e
PO+Receipt+Invoice+Inspection.
4-way matching verifies that acceptance documents and
invoice information match within the quantity tolerances
defined:
Quantity billed <= Quantity accepted.
Eg:Suppose we have 100 items in PO. Suppers send us 75
items We will do inspection on those items what ever we
have received, If 15items got damaged. finally, we are
going to make payment to the 60 items only.
| Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
What is the use of hr: user type, while configure multiorg?
Explain about Localization (IND & US ) in Oracle Apps ?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is Difference between Auto Copy Journal and recurring journal?
What is the meaning holding tax?
What is difference between primary and secondary ledger
Re: what are the Issue that we face in Gl,PO and AP while Supporting
could you please post some work around that any body have done in the financial modules.
On what different real time issues you worked while doing P2P cycle implementation?
payment types and payment methods.
what is the use of hr: security profile, while configure multiorg?
What is Work Flow of AP,AR, Sales & Purchase
Can I do a payment of 50 bills on a post date. If yes, then how?
