What is meant by matching and what are the types of
matchings available?
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Answer Posted / shantanu
There are three types of Matching
a. 2–way matching: The process of verifying that purchase
order and invoice information matches within accepted
tolerance levels. Payables uses the following criteria to
verify two–way matching:
i. Invoice price <= Order price
ii. Quantity billed <= Quantity ordered
b. 3–way matching The process of verifying that purchase
order, invoice, and receiving information matches within
accepted tolerance levels. Payables uses the following
criteria to verify three–way matching:
i. Invoice price <= Purchase Order price
ii. Quantity billed <= Quantity ordered
iii. Quantity billed <= Quantity received
c. 4–way matching The process of verifying that purchase
order, invoice, and receiving information matches within
accepted tolerance levels. Payables uses the following
criteria to verify four–way matching:
i. Invoice price <= Order price
ii. Quantity billed <= Quantity ordered
iii. Quantity billed <= Quantity received
iv. Quantity billed <= Quantity accepted
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