This is super helpful! Thank you for this detailed explanation.

Excellent. Many thanks for complete and accurate presentation :)

@TheBookkeepingChannel

2 жыл бұрын

No worries

Thank you for the information. Great content. 😎🤟

Nice, neat and crisp to the point. Thanks a lot!!!!

@TheBookkeepingChannel

11 ай бұрын

Thanks!

This came in very helpful!!! Explained it well and easy to understand!

@TheBookkeepingChannel

Жыл бұрын

Glad you think so!

Can't amend PO because it's in use. Has been this way for days. Is there a way to reset so I can get into this purchase order.

Good explanation.

@TheBookkeepingChannel

Жыл бұрын

Thanks!

Asome taking sir from bangladesh

@TheBookkeepingChannel

Жыл бұрын

Thanks!

@sabasaktan377

Жыл бұрын

You are most welcome

❤

As a sales person, if I were to receive a purchase order that had a price higher than the price I quoted customer, would it be unethical to accept?

@TheBookkeepingChannel

10 ай бұрын

I don't think there's a code of ethics sales people need to follow in that regard.

@jonathanaldecoa1099

10 ай бұрын

@@TheBookkeepingChannel reason why I bring it up, we recently had a P.O. come into the office. We have a price list for customer and they had $15,000 over what P.O. should be. Salesperson wanted us to enter at higher price and only correct if customer questions it. Order entry person let customer know price has higher than needed to be and customer revised. Salesperson was upset.

It seems that purchase orders give buyers more control, whereas, invoices give the seller more control. Ultimately, both parties can add terms to these legally binding contracts, correct?

@TheBookkeepingChannel

5 ай бұрын

Not really. An invoice is not a legally binding contract but a purchase order is.

So company A is selling shampoo, while company B wants to buy company A’s shampoo at wholesale. Company B sends the PO, and if company A likes what they see (volume, price, etc) they send a PO confirmation to company B. Hopefully I’m getting this right. I can see how companies might get into a jam if a PO is in progress but company A needs more capital to fulfill a large PO. I guess that’s where investors would come in.

@TheBookkeepingChannel

Жыл бұрын

Company A would be wise to ensure they can fill the order before accepting the PO.