Usually, businesses require a purchase requisition when a proposed purchase exceeds a certain amount. For example, Tufts University requires a requisition order for most purchases in excess of $2,000.

A Purchase Order (PO) is a request for goods that is sent from a buyer to a seller and an invoice is a request for payment from the seller to the buyer. This is a simple explanation, so if you want ...

If there is a difference between the Invoice and PO in the reconciling process, ... Once a Requisition is “Ordered," a Purchase Order (PO) is created. The Purchase Order status can also be monitored ...

The Difference Between a Requisition & a Purchase Order. ... However, if the accounting department has issued a purchase order, the fact that an item is out of stock will be relevant, ...

Both purchase order financing and invoice factoring are designed to help businesses that have sales outpacing their incoming revenues. But they manage cash flow in two different ways.