Sunday, 26 August 2012

What is the difference between Match Approval Level and Invoice Match Option??

From Oracle User GuideSelect one of the following options for Match Approval Level:
• Two-Way: Purchase order and invoice quantities must match within tolerancebefore the corresponding invoice can be paid.
• Three-Way: Purchase order, receipt, and invoice quantities must match withintolerance before the corresponding invoice can be paid
.• Four-Way: Purchase order, receipt, accepted, and invoice quantities must matchwithin tolerance before the corresponding invoice can be paid.If you enter an item, a value for this field is defaulted. See: Purchase OrderDefaulting Rules, page 4-10.Select an Invoice Match Option:
• Purchase Order: Payables must match the invoice to the purchase order.
• Receipt: Payables must match the invoice to the receipt.Choose Receipt if you want to update exchange rate information on the receiptor if you want your accounting to use exchange rate information based on thereceipt date. (If you use Periodic Costing, you must match to the receipt toensure accurate cost accounting.)The Invoice Match Option defaults from the Supplier Sites window. You canchange the Invoice Match Option on the shipment until you receive against theshipment.
Note: The Invoice Match Option and the Match Approval Level areindependent options. You can perform whichever Invoice MatchOption you want regardless of the Match Approval Level.

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