Actions
Three-Way Matching Invoice Verification 3 2 {{{keywords}}} {{{description}}}
3WM
Difference between revisions of "3WM"
m (Text replacement - "PO" to "Purchase Order") |
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{{insert page}} is the [[t:IV|Invoice Verification]] practice of matching three documents prior to approving payment of a supplier invoice: | {{insert page}} is the [[t:IV|Invoice Verification]] practice of matching three documents prior to approving payment of a supplier invoice: | ||
* [[t:PO]] or Scheduling Agreement | * [[t:PO]] or Scheduling Agreement | ||
| − | * [[t:GR | + | * [[t:GR]] |
* Supplier Invoice | * Supplier Invoice | ||
Generally data elements include: Volume (quantities), Price, Condition and other terms such as penalties for late delivery, discounts for early delivery or payment. | Generally data elements include: Volume (quantities), Price, Condition and other terms such as penalties for late delivery, discounts for early delivery or payment. | ||
Latest revision as of 18:09, 19 November 2019
3WM is the IV practice of matching three documents prior to approving payment of a supplier invoice:
- Purchase Order or Scheduling Agreement
- Goods Receipt
- Supplier Invoice
Generally data elements include: Volume (quantities), Price, Condition and other terms such as penalties for late delivery, discounts for early delivery or payment.
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