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.
difference between sales order and purchase order
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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.
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.
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
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
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