|Purchase Order||Purchase Voucher|
A purchase order (PO) is an official document that buyers send to sellers to document the sale of products and services to be delivered at a late date.
This allows buyers to place orders with suppliers without immediately making payment. The seller uses POs as a way to offer buyers credit without risk because the buyer is legally obligated to pay for products and services when they’ve been delivered.
Each PO has its own unique number, known as the purchase order number, to assist both buyer and seller in tracking delivery and payment
|A Purchase Invoice is a bill you receive from your Suppliers against which you need to make the payment.
Purchase Invoice is the exact opposite of your Sales Invoice. Here you accrue expenses to your Supplier. A Purchase Invoice is usually created from a Purchase Order. The Supplier's Item details will be fetched into the Purchase Invoice. However, you can also create a Purchase Invoice directly.
|If you have created a Purchase order it shall not affect any account or inventory in any way.||In purchase invoice, both accounts and inventory are meant to be affected.|
How to create a Purchase order:
Using Bookkeeper Windows: Press Alt+ F4 for Purchase order or go to Transactions tab➔ Purchase order ➔ Create
After you have created the Purchase order you can convert it into a Purchase invoice. Go to Purchase order ➔ View➔ Select voucher➔ Make Purchase
Converted into Purchase invoice: