A two-way match compares an invoice with a purchase order, commonly checking supplier, item or service, quantity, price, and agreed tolerances. It does not include a receipt record in the comparison. Organizations define when two-way matching is appropriate based on purchase type, acceptance evidence, risk, policy, and ERP controls; mismatches follow an exception path.
In plain English
It checks the invoice against the approved order without adding a receipt comparison.
Illustrative example
At Northstar Industrial Systems, a recurring service invoice is compared with its order and tolerance rules under the approved service-accounting process.
- Related terms
- Three-way match; Invoice matching; Purchase order; Exception handling
- Lifecycle stages
- Invoice; Reconcile
- Stakeholders
- Finance; Procurement; Supplier