Receipt/Invoice Close Tolerance explanation in Purchase Order/Oracle Fusion Procurement

Today I am going to take you through detailed information of Receipt/Invoice Close Tolerance explanation and how Purchase Orders with 2-Way and 3-Way matching options close due to tolerance percentage in practical examples.

Main points to be discussed:

Closing Control Options
What is Receipt Close Tolerance?
What is Invoice Close Tolerance?
What is 2- Way and 3-Way Matching Options in Purchase Order?
How Purchase Order Status is controlled with tolerance and…