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three-way match

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A technique used when processing accounts payable in order to be certain that only legitimate
bills and invoices are paid. Its name is derived from the matching of 1) the vendor invoice with
2) the company’s receiving report, and 3) the company’s purchase order.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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