Booster Club Three-Way Match Policy: Verify Purchase Orders, Receipts, and Invoices
A booster club three-way match policy is a financial control that requires the program to verify three documents—the purchase order, the receiving record or receipt, and the vendor invoice—against each other before any payment is released. All three must agree on vendor identity, item description, quantity, and price. When they match, payment proceeds. When they do not, payment is held until the discrepancy is investigated and resolved.
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