A purchase order can be defined as a request for goods or services from a specific supplier. This request specifies such goods or services, as well as price, quantity, payment, and delivery terms, among others. It is a commercial document that obliges the buyer to accept delivery of the goods or services they have requested, provided that the agreed terms are met.
The buyer prepares the purchase order that is sent to the supplier of goods or services, and the supplier, in turn, issues the sales order to the buyer.
Both the purchase order and the sales order are binding documents when accepted. The main difference is that the purchase order authorizes the sale of goods, while the sales order confirms the sale of goods. Check out this article if you want to know more about sales orders.
What you can do with purchase orders in Holded
Create purchase orders
Learn here how to create purchase orders
Import purchase orders
Check out this article to learn how to import purchase orders
Convert purchase orders into invoices
Learn here how to convert your purchase orders into invoices
Manage down payments
Read this article to learn how to manage down payments from Holded
Read more about purchase orders and all the options they offer by checking our Academy section.