Financial & invoicing terms explained
Purchase order (PO)
A purchase order is a buyer-issued document approving spend - your invoice should reference it.
Matching amounts
Invoices above PO value may be rejected without a revised PO or change order.
Receiving
Goods receipts may be required before AP pays - coordinate field documentation.
Blanket POs
Cover multiple invoices until consumed - track remaining balance.
Purchase order (PO) - FAQ
Invoice above PO?+
Risk rejection - get a change order or new PO.
Blanket POs?+
Cover multiple releases until consumed - track remaining.
PO on the invoice?+
Always reference PO numbers in header or line notes.