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Is "3 way matching" an integral part of Accounts Payable process? Is there an instance where 3 way matching is not necessary?

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تم إضافة السؤال من قبل Pacifico Rebollos , Accountant , Kory Tyres LLC
تاريخ النشر: 2014/03/23
khaled Ibrahim Sayed Abd El Salam Ibrahim
من قبل khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

The answer is Big YES , in my work history i didn't find any where can't apply it , even in the serivce fields its required as well, as its the concept of AP cycle.

Dheeraj Nair
من قبل Dheeraj Nair , Financial Accountant , Al-Jazeera Children's Channel [JCC] – Qatar Foundation

Ofcourse3 way matching is an integral part of AP in order to excircise a strict control and fraudulent practices. There are some instances in which GRN may not be available oru the services are hired on a Payment on Approval (POA) basis. In such circumstances only2way matching is only possible.

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