What is 2 way, 3 way and 4 way matching?
Answer Posted / 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 ? | 118 Yes | 27 No |
Post New Answer View All Answers
What are the types of setups in apps inventory module
Can Adjustments be imported?
Invoice Approval Process?
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
What is the meaning holding tax?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Re: what are the Issue that we face in Gl,PO and AP while Supporting
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
Charge Back Setups ?
encumbrence set ups?
What is the use of operating unit, while configure multiorg?
difference between 11i&r12
What is difference between primary and secondary ledger
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
difference between tds and income tax (India)