The 3 Way Matching Process is an important business practice used to ensure accuracy and efficiency in the processing of invoices. This process involves comparing the purchase order, goods receipt, and the invoice to make sure that all three documents match in terms of quantity, price, and quality of the goods or services received. The 3 Way Matching Process helps to ensure that the company is not overcharged or billed for goods or services that were not received. It also helps to ensure that the goods or services received are of the quality and quantity specified in the purchase order. The 3 Way Matching Process is a crucial part of the accounts payable process and helps to ensure that the company is not exposed to any financial risks.
