objectives of three way matching

Industrial engineering

Three-Way Matching: Definition, Components, Objectives, Advantages, and Disadvantages | including PDF

Three-way matching of vendor invoices is an essential internal control process. Using this process, a company can bypass profit drains from making erroneous, duplicates, or fraudulent payments. It is a method for processing a vendor invoice to ensure that payment is complete and accurate. The primary objective of this process is to save businesses from overspending or paying for an item that they didn’t receive.

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