Two Way Match vs Three Way Match Invoice
Two-way match is used to compare the invoice received from vendor with the Purchase Order.
Three-way match is used to match the details of PO, Goods Receipt and the Invoice document received from vendor. In Three way match the Quantity & Price is matched between PO, GR & IR. (Three Levels)
In other words, Two-way match is between PO and IV (Purchase Order - Invoice Verification ) and Three-way match is between PO, GR and IV(Purchase Order -Goods Receipt - Invoice Verification).