The official business definition of 3 Way Match in Accounts Payable is a process of verifying that the details of an invoice match the details of the associated purchase order and the related goods receipt.
This process is an important step in the accounts payable process as it helps to ensure that the correct goods and services have been received and that the invoices are accurate. It also helps to reduce the risk of fraud and errors in the accounts payable process.
The 3 Way Match process involves verifying that the purchase order, goods receipt, and invoice all match in terms of quantity, price, and description of the goods or services received. This process helps to ensure that the goods and services received are accurate and that the invoices are accurate. It also helps to reduce the risk of fraud and errors in the accounts payable process.
The 3 Way Match process is an important step in the accounts payable process and helps to ensure that the correct goods and services have been received and that the invoices are accurate.
