¶ Purchase Order
- A purchase order, or PO, is an official document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future.
- The advantage to the buyer is the ability to place an order without immediate payment. From the seller’s perspective, a PO is a way to offer buyers credit without risk since the buyer is obligated to pay once the products or services have been delivered.
- Each PO has a unique number associated with it that helps both buyer and seller track delivery and payment. A blanket PO is a commitment to buy products or services on an ongoing basis until a certain maximum is reached.
¶ What is on a Purchase Order?
Among other things, a PO specifies:
- Quantity purchased
- Product or service being purchased
- Specific brand names, SKUs, or model numbers
- Price per unit
- Delivery date
- Delivery location
- Billing address
- Payment terms, such as on delivery or in 30 days
¶ List
On the purchase order list, you can view all purchase orders that are Open, Closed, or Deleted.
- On the left navigation menu, select “Orders.”
- Click “Purchase Orders.”
- Select “List”
- Filter/Search POs using filter options.
