How to use a Purchase Order?
Usually, buyers who are interested in purchasing a product from a business, request for a PO form. Once issued by the business, the customers complete the form by filling up their requirements and send it back. If the business can satisfy the customer’s needs, the purchase order gets approved. All necessary details, such as the billing information, payment date, and delivery information are included in that PO and an invoice is created.
PO helps both businesses and customers. The customers can schedule their payments and the delivery of the product they ordered, while the businesses can keep track of all their orders, and improve their financial accuracy. In cases where multiple orders are placed over a certain period of time, a blanket order is used.