Two-Way Matching
Two-way matching is a verification process that compares purchase orders to vendor invoices to confirm that the billed amount matches what was ordered. Unlike three-way matching, it does not require goods receipt verification.
Key Details
- Compares PO line items, quantities, and prices against the corresponding invoice
- Commonly used for services, subscriptions, and items that do not require physical receipt
- Faster and simpler than three-way matching while still providing financial controls
- Ideal for recurring expenses where delivery confirmation is implicit or unnecessary