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difference between sales order and purchase order
Posted: Thu Mar 13, 2008 4:20 am
by g_suri24
hi friends ,
what is the difference between SALES ORDER and PURCHASE ORDER.
please send me the definition of those and explain with one example.
thanks in advance.
Posted: Thu Mar 13, 2008 5:33 am
by P_MANMOHAN
Hi,
Generally Sales Order is raised by the Customer to buy the goods from you. Where as Purchased Order is raised by you to buy the goods from other person.
Ex: If ur dealing with computer business, U get an order from XYZ Company to supply 10 Laptops. For this, customer send a Sales Order to U. The same sales order is Purchase Order to customer.
I hope u understand.
Posted: Thu Mar 13, 2008 6:32 am
by g_suri24
hi manmohan,
if a customer requests for certain number of goods,is it a sales order or requisition request?
can u please tell me the distinction between sales order,purchase order,requisition.
warm regards,
surender
Posted: Tue Mar 18, 2008 3:41 pm
by Ritz
Sales order (SO) , Purchase Order (PO) and requisition -
You need to raise a requisition for a PO. So requisition is need for a PO , that is clear.
Now SO and PO -
We want to purchase an item from our supplier. So we will raise a PO on our vendor (thru a requisition).
On similar lines our customer wants to buy an item from us , so he will raise his PO on us. This customer PO is entered in Oracle Apps as Sales Order since for us it is a order to sell an item to a customer. In brief - Customer PO on us is defined in Apps as Sales order.
Ritz