Process Associate (Accounts Payable) Interview Questions and Answers

3 way matching is a process of matching purchase orders, goods receipts, and supplier invoices.

• It ensures that the supplier invoice matches the purchase order and the goods receipt.

• It helps in identifying discrepancies and errors in the procurement process.

• It is a crucial step in accounts payable to ensure accurate and timely payments.

• For example, if a company orders 100 units of a product, receives 90 units, and the supplier invoices for 110 units, the 3 way matching process...read more