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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation by Ranjeet Yadav

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Understanding matching

As we discussed briefly previously, voucher matching is a critical feature for any Payables system. It serves as an important business process control for organizations to ensure that they pay only for those goods and services that they ordered and actually received. PeopleSoft offers the following matching methods:

  • Two-way matching: Vouchers are compared against purchase orders (created in Purchasing module) to ensure that we pay for what we ordered.
  • Three-way matching: Vouchers are compared against purchase orders and goods receipts (created in Purchasing module) to ensure that we pay for what we ordered and actually received. This is used when we order something and make it mandatory to create goods receipts.
  • Four-way matching: ...

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