MB6-702 · Question #6
Your company plans to implement vendor invoice matching. Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for accuracy. You need…
The correct answer is B. Three-way matching. Three-way matching Match the price information on the invoice to the price information on the purchase order. Also match the quantity information on the invoice to the quantity information on the product receipts that are selected for the invoice. Not A: Charges matching Match…
Question
Your company plans to implement vendor invoice matching. Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for accuracy. You need to configure the invoice matching setup. Which type of invoice matching should you configure?
Options
- ACharges matching
- BThree-way matching
- CInvoice totals matching
- DTwo-way matching
How the community answered
(36 responses)- A3% (1)
- B81% (29)
- C11% (4)
- D6% (2)
Explanation
Three-way matching Match the price information on the invoice to the price information on the purchase order. Also match the quantity information on the invoice to the quantity information on the product receipts that are selected for the invoice. Not A: Charges matching Match the charges information (amounts) on the invoice to the charges information (amounts) on the purchase order. Not C: Invoice totals matching Match the total amounts on the invoice to the total amounts on the purchase order. This type of invoice matching includes the least amount of detail, so you can use this option to set up controls that minimize the staff time that is required to review invoice matching information. Not D: Two-way matching Match the price information on the invoice to the price information on the purchase order.
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