Invoice V.S. PO (1)

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Difference Between Invoice and Purchase Order
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• In the process of doing business, sales invoices
  and purchase orders are two forms that are used
  in the clear understanding of transactions
  between two parties. In an organization with a
  sales department and a purchasing department,
  both these departments need to use one or both
  forms for internal and external purposes.
• A purchase order is a purchase request from the
  buyer to the seller, whereas an invoice is a
  payment request from the seller to the buyer. The
  terms are sometimes used interchangeably by
  customers. Although purchase orders and invoices
  have many similarities, they are two separate
  documents with various purposes. The critical
  differences between Invoice and Purchase Order
  (PO) have been depicted here-
• Invoice A business document that enables
  businesses to get paid for the items and services
  they provide.
• Purchase Order A commercial document issued by
  buyers to communicate the items and services they
  want to order.
• Invoice is generated to request payment after the
  services or items have been delivered.
• Purchase Order is generated to detail an order at
  the time of placing an order for the services or
  items.

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• A Purchase Order includes the following details
• Quantity
• Shipping address
• Payment details
• Delivery date
• Buyer's contact information
• Date of PO
• Description of items and services
• Price point
• PO number

• An Invoice includes the following details
• Number of items
• Seller's contact information
• Invoice number
• Date of Invoice
• Discounts
• PO Number
• The amount owed to the seller
• Payment schedule

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• Which On-demand Invoicing software can generate
  both PO and Invoices?
• Invoicera is an online Invoice Generator software
  with over 14 years of expertise that manages
  Purchase Order Management for more than 3 million
  firms globally. The invoicing software aids in
  the preparation and management of every business
  purchase order and Invoice. It also allows you to
  capture all your communications to keep a
  thorough track of all your documents.
• It can automate the following areas of your
  business
• Online time tracking
• Auto invoicing and payments
• Expense management
• Recurring/subscription billing
• Workflows
• Client/vendor panels
• Subcontractor billing and time management
• Purchase order management
• Sign up today to try Invoicera for free here.
• SOURCE Know the Difference between Invoice and
  Purchase Order (PO)

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