What is an invoice?
An invoice is similar to a purchase order; however, it is sent from the seller to the buyer. It details out items purchased, shipping information, total amount due net of credits and discounts, as well as any other important information.
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What is a purchase order (PO)?
A purchase order is a document prepared by the company that lists out the items they want to purchase from vendors. Typically, the purchase order would be filled out by someone in the purchasing department and would then be approved by the Chief Financial Officer or equivalent individual. The purchase order is then sent to […]
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What does PO stand for?
PO is short for “purchase order” in a business context. A purchase order is a document prepared by the company that lists out the items they want to purchase from vendors.