The official business definition of 3 Way Invoice Matching is a process used to ensure that all invoices, purchase orders, and receipts are in agreement with each other. This process is designed to ensure that the goods and services have been received, that the invoices are accurate, and that the payments are made in a timely manner. In order to achieve this, the three documents must be compared and matched to each other. This is done by comparing the item numbers, descriptions, quantities, prices, and other details on the documents. If any discrepancies are found, the invoices must be corrected or re-issued. The 3 Way Invoice Matching process is an important part of any business’s financial management and is essential for preventing errors and ensuring accuracy. It also helps to reduce the amount of time spent on manual data entry and ensures that payments are made on time.