Three-way PO match reconciliation
Learn about three-way PO match reconciliation processes that verify purchase orders, receipts, and invoices to ensure accurate payment and prevent errors.
Gray Levine
Three-way PO match reconciliation is the systematic process of comparing purchase orders, receiving documents, and supplier invoices to ensure accuracy and prevent payment errors. This verification process confirms that ordered items were received as specified and billed correctly.
Modern three-way matching combines automated validation rules with exception handling to streamline verification processes. The system compares quantities, prices, and terms across all three documents to identify discrepancies.
Essential elements include:
Organizations implement matching to:
Successful matching requires:
Effective three-way matching improves payment accuracy while reducing processing costs and maintaining strong financial controls.