Working with Purchase Orders

Purchase Order is an order placed for procuring products or services from your short listed vendors. It is a legal binding document that protects interests of both vendor and buyers, which can be used as legal binding document for both parties. In general, PO contains the PO number, date, line items (products) including the quantities and prices based on Sales Quote, Billing address, Shipping address, Terms & Conditions and others. You can use the PO for communicating your product and pricing requirements to vendors so that there will not be any obligations in future. Also, you can use the PO to cross-check the products shipped to your shipping address and invoices sent to your billing address. In addition, your vendor can use PO as legal document in the event of nonpayment in a court of law for claiming damages from your side. 

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