What is 2 way matching?

2 Way Matching is a critical component of the procurement and accounting processes within organizations. This method involves a meticulous comparison of two crucial documents: the purchase order (PO) and the supplier invoice. The primary objective is to ensure that the quantities and prices listed on the supplier's invoice align perfectly with the specifications detailed in the purchase order.

This meticulous process serves as a vital control mechanism, helping to prevent errors, discrepancies, and potential overpayments. When the quantities and prices on both documents match, it signifies a successful 2 Way Match, indicating that the goods or services have been delivered as expected and that the invoice accurately reflects the agreed-upon terms. This alignment is a green light for the accounts payable department to process payment promptly, promoting efficient financial operations and healthy supplier relationships.