Matching purchase orders, receipts and invoices

Skills you'll practise

• Explain the difference between two-way and three-way matching
• Compare a purchase order, goods received note and invoice line by line
• Decide what to do when quantities or prices don't match
• Record the result of a match so someone else can follow it

Course outline

1. 1.Matching POs, receipts and invoicesVideo · 2 min
2. 2.Two-way and three-way matchingLesson · 12 min
3. 3.Partial deliveries, back-orders and price differencesLesson · 14 min
4. 4.Recording the match and clearing exceptionsLesson · 12 min
5. 5.Matching purchase orders, receipts and invoices: knowledge checkKnowledge check · 19 questions
6. 6.Matching purchase orders, receipts and invoices: practical exerciseKnowledge check · 1 question
7. 7.Invoice doesn't match the PO, payment run in an hourScenario
8. 8.Final exam3 questions · passing it completes the course, so people who already know the material can test out

Sources it draws on

The lessons and questions are written from these references, so learners can go back to the original.

• General accounts-payable controls: purchase-order matching, approvals, segregation of duties