Month: March 2020

Overall, 3-way matching is a very popular method to ensure you process your invoices correctly while avoiding any costly mistakes or fraud. That’s why three-way matching is used by over 80% of the Fortune 500 companies in the US. By comparing these three documents, you can securely verify that ordered items match what was received, …

What Is Three-Way Matching? Accounts Payable Guide Read More »

In the landscape of AP processing, different processes can be implemented to prevent invoice errors that result in overcharges. Each style of oversight in the payment process includes different checkpoints along the way to ensure accuracy. Two-way matching, a default verification process, reviews purchase information against final invoice. Four-way matching Grocery Store Accounting on the …

Three-Way Match: Components, Techniques, and Financial Impact Read More »