Overview
Optimize your Accounts Payable (AP) workflow to suit your business needs by configuring bill creation and submission settings. Choose between two-way and three-way matching, and set specific invoice requirements to ensure compliance and accuracy.
Configuring Matching Settings:
Two-Way Matching: Ideal for simpler transactions, this option matches the purchase order (PO) with the invoice.
Three-Way Matching: Adds an extra layer of verification by matching the PO, invoice, and receipt of goods.
When Verified 3-Way Matching is Enabled:
AP users can only create and submit bills for received items/quantities, ensuring that all invoiced items have been received and verified.
When Verified 3-Way Matching is Disabled:
AP users can create and submit bills for unreceived items/quantities, offering flexibility for certain types of transactions or urgent payments.
Invoice Configuration:
Invoices can be configured to require invoice numbers for all bills before submission, ensuring each bill is traceable and compliant with accounting standards.
By configuring your bill settings, you can tailor your AP workflow to meet your business requirements, improving accuracy, compliance, and operational efficiency.
Learn more about our All New AP Module: Here