Businesses of all sizes can benefit from more financial control. It is generally assisted by some level of automation that helps speed up the process, improves communication, and minimizes financial risk. A professional PO process builds robust supplier relationships and provides an audit trail of all transactions. POs play an important role in controlling business purchases. ![]() What is a purchase order?Ī purchase order (PO) is an official document, created by the buyer, which authorizes a purchase transaction for goods or services from a supplier. Let's cover the topic in an easy and approachable way for beginners. While you still may occasionally need to explain the difference between an invoice and a purchase order, too few people fully understand the PO steps and procedures they should follow. ![]() No matter how much training you give, purchase orders just keep getting people confused.
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