What is 2 way , 3 way and 4 way matching?
Answer Posted / nmkr
Making payments to the suppliers in 3 ways
what ever you have orderd 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
recieved 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.fially,we are going to
make payment to the 70 items only.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Difference between header level tax calculation and line level tax calculation
What is Difference between Auto Copy Journal and recurring journal?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
What is the Process of Reconciliation Between AP to GL
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
Provide an overview of AR cash receipt processing.
can we define 2 different currency revaluation at a time??
what is the meaning of purchase default and what are the types
What are the inventory report to check inventory status.
Please post the setups required to approve the payable invoice in AP.
what is the difference between before pages trigger and after parameter trigger in reports ?
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
encumbrence set ups?
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
Invoice Approval Process?