So & po

Question

Hi all,
what is sales order, purchase order & invoice and also whats the difference between invoice n purchase order?

Answer 1

hi
Sales order - is the Order Received from Customer for supplying goods etc.
Purchase Order - is the Order given to the Vendor for Purchasing the Materials etc.
Invoice :
1. Outbound invoice : will be sent to Customer for payment against the Sales Order
2. INbound invoice : will be Received  from Vendor for payment against the Purchase Order.
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