PO matching, or Purchase Order matching, is a process used in procurement and accounts payable to ensure that the details on a purchase order (PO) align with the details on the invoice and goods receipt. This process is crucial for verifying that the quantity, price, and terms agreed upon in the purchase order are met before payment is made to the vendor.
There are several types of PO matching:
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Two-Way Matching
- Compares the purchase order to the invoice.
- Ensures that the invoice details match the PO details.
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Three-Way Matching
- Compares the purchase order, invoice, and goods receipt.
- Verifies that the goods received match what was ordered and invoiced.
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Four-Way Matching
- Compares the purchase order, invoice, goods receipt, and inspection report.
- Ensures that the goods received meet the quality and quantity specified and have passed inspection.
Routable PO Matching
Ensure accuracy and accountability in your AP processes with purchase order matching from Routable. Built for 2-way and 3-way matching, Routable’s PO matching engine saves you time, keeps your accounting software in sync, and helps prepare for audits.
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