Invoice matching is an important process in the business world that helps to ensure accuracy and efficiency in the accounts payable process. It is the process of verifying that the invoices received from suppliers match the purchase orders and other related documents. This process is used to ensure that the goods and services have been received and that the amounts invoiced are correct. It also helps to ensure that the payments are made in a timely manner. The process involves comparing the invoice to the purchase order, verifying the accuracy of the invoice, and then reconciling the differences between the two documents. Invoice matching is a critical step in the accounts payable process and can help to reduce the risk of fraud and errors. It is also an important part of maintaining good supplier relationships.
