QuickBooks does not do automated 3-way matching. It can store purchase orders and link a bill to a PO. But it will not automatically confirm that the quantity and price on an invoice match both the purchase order and the goods receipt. That last check is what 3-way matching means, and it is the gap… Continue reading Does QuickBooks Do 3-Way Matching? (And How to Add It If Not)
Your company moved up to Intuit Enterprise Suite for multi-entity accounting, and now the audit question lands on your desk: does every invoice actually get matched against a PO and a receipt before it is paid? You open IES, find purchase orders and the new item receipts, set up an approval workflow, and still cannot… Continue reading Does Intuit Enterprise Suite Do 3-Way Matching? (And How to Add It)
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