NSITE DOCUMENT
Why Purchase Orders.docx
- Library: Purchissues
- Year Created: 2019
- File Type: DOCX
The document discusses the importance and differences between purchase orders and invoices. It explains that a purchase order is a formal request for goods or services from a vendor, while an invoice is a request for payment for those goods or services. Purchase orders serve as a binding contract between parties, provide legal clarity, and help manage orders effectively. They are crucial for audit trails, spend analysis, and ensuring compliance with procurement rules. The document also highlights the significance of purchase orders in legal disputes, vendor relationships, and financial management.