The Accounts Payable 3 Way Match Process is an important financial process that helps businesses ensure accuracy and compliance with their financial obligations. It is a system of checks and balances that requires three documents to be compared and matched before an invoice is paid. The three documents are the purchase order, the invoice, and the receiving report. All three documents must match in terms of quantity, quality, and price before the invoice is paid. This process helps to ensure that the goods or services have been received, that the correct amount has been invoiced, and that the invoice is accurate. The Accounts Payable 3 Way Match Process is an essential part of any business’s financial management system and helps to ensure accuracy and compliance with financial obligations.
