Accounts Payable Interview Question:

What is three Way Matching Concept?

Submitted by: Muhammad

When we creating the invoice in 3-way matching invoice price and po price receipt price should be match.
Submitted by: Muhammad

3 way matching is to compare three documents i.e.,
1. Purchase order
2. Receipt of Items/Packing slip
3. Invoice.
For example, if we Order for 50 Items in purchase order and received 40 Items
only instead of 50 items. But we received invoice for 50 items. After comparing
the three documents we pay for only 40 Items..
Regards Ashok
Submitted by: Ashok Ponnam