– Non-PO invoices do not have an attached purchase order – PO invoices have an attached purchase order Reimbursement for employee parking or driving fees.Reimbursement for employee travel expenses.Non-PO invoices are also used to make payments to suppliers when a particular invoice is within the company’s spend limit. Owing to the nature of indirect procurement, non-PO invoices are generally not pre approved. Such invoices are also known as expense invoices, and usually indicate any indirect purchases made by a business. PO invoices are usually pre approved.Īs the name suggests, a non-PO invoice is one that doesn’t have a corresponding purchase order. This ensures that there are no inconsistencies between the original purchase order and the PO invoice. When PO invoices are received by the AP department, they are matched against the corresponding purchase order. PO invoices contain details about the goods or services procured, and a matching purchase order number. Essentially, these invoices are generated after the approval of a purchase order. What Is a PO Invoice?Ī PO invoice is one that has a purchase order attached to it. The Main Differences Between a PO and Non-PO Invoiceįirst, here’s a brief definition of both PO and non-PO invoices. To better understand the differences between the two, it’s important to understand how the PO and non-PO purchasing processes differ. Most vendor invoices can be divided into two categories: PO and non-PO invoices. Understanding the difference between a PO and a non-PO invoice is very important, especially for businesses looking to automate the accounts payable process. Invoices often move through numerous stages throughout the accounts payable department before they are finally approved.
0 Comments
Leave a Reply. |