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.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.