Remove Accounts Payable Remove Computation Remove Financial Software Remove Purchase Order
article thumbnail

2-Way vs. 3-Way Matching: What’s the Difference?

AvidXchange

It’s when you check an invoice to make sure the information aligns with the information on your purchase order or sales receipt. Mismatching means something’s off such as the amount of the purchase order doesn’t equal the invoice amount. Whatever the case, it’ll help for you to solve this financial issue quickly.

article thumbnail

5 Factors Construction Leaders Should Consider When Automating Accounts Payable

AvidXchange

Here’s one to consider: whether now is the right time for your company to start automating accounts payable (AP) processes. We also shared a five-step plan to get started on the road to automating accounting processes. Automating Accounts Payable: Factors for Construction Leaders to Consider 1.

article thumbnail

How to Untangle the Construction Industry’s Payment Problems

AvidXchange

Synchronizing mounds of information and documents into their accounting systems is no easy feat. The accounts payable team searches for information in three or more disconnected software packages to hunt down and untangle a maze of inconsistent and disorganized data. Many construction finance pros face these problems.