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Reply from madhavspatel on Aug 12 at 6:11 AM Hi,
Three way match is a methodology to verify vendor invoice with other 2 documents.
1. Purchase Order
2. Goods Receipts
3. Vendor Invoice
How ?
Purchase order contains Quantity and price
Goods Received document contains the quantity received.
Invoice contain quantity and price
While posting invoice into the system, you can verify the amount generated
by the system with all 3 document i.e 3 way match
Thanks
Madhav
| | | ---------------Original Message---------------
From: tilgulkarcn
Sent: Friday, August 12, 2016 3:55 AM
Subject: Three Way Matching entries
Hi,
If you have GR based IV, then system will propose entry for the accepted
quantity.
In Purchase order you will be shown balance quantity to be received and
billed.
Similarly rates are flowing from Purchase Order hence, the rate as well as
taxation and any incidentals.
Therefore it would either vendor invoice correction or PO correction.
As said, any mismatch which genuine can be adjusted while processing Vendor
invoice ( MIRO ).
The differential amounts are to be debited/credited to respective GL
account.
Hope it's clear.
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