Purchase Order Linking with Challan & Voucher

Purchase Order Linking with Challan & Voucher : A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating the type, quantities and agreed prices for products or services that the seller will provide to the buyer. Sending a PO to a supplier constitutes a legal offer to buy products or services. Acceptance of a PO by a seller usually forms a once-off contract between the buyer and seller so no contract exists until the PO is accepted.

Pos also usually specify additional conditions such as terms of payment, incoterms for liability and freight responsibility, and required delivery date.

purchaseflowpic

Following is the flowchart for Purchase Order.

PURCHASEFLOW

•	Purchase Order :- This explains first we enter the PO then we receives the goods against the PO which can be less or equal.

•	Purchase Challan : - Then we enter PC which we can enter manually or retrieve from PO.

•	Purchase Voucher : - Once the challan is enter final step remains to enter Voucher against the PO / PC.