{"id":16837,"date":"2024-07-23T10:58:22","date_gmt":"2024-07-23T05:28:22","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=16837"},"modified":"2025-04-16T16:35:00","modified_gmt":"2025-04-16T11:05:00","slug":"purchase-order-vs-invoice","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/","title":{"rendered":"Purchase Order Vs. Invoices: What&#8217;s the Difference?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you have just started a new business, you may get confused between <\/span>purchase orders<span style=\"font-weight: 400;\"> and invoices. There are many similarities and variations between invoices from the vendor&#8217;s billing department and <\/span>purchase orders<span style=\"font-weight: 400;\"> from the buyer&#8217;s procurement department. Therefore, it is necessary to understand the <\/span>difference between a purchase order and an invoice<span style=\"font-weight: 400;\"> for the proper functioning of procurement and AP (accounts payable) departments.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69debe7476273\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69debe7476273\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Difference_Between_Purchase_Order_and_Invoice\" >Difference Between Purchase Order and Invoice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#What_Is_a_Purchase_Order\" >What Is a Purchase Order?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#What_Is_an_Invoice\" >What Is an Invoice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Purchase_Order_Vs_Purchase_Invoices_Side-by-Side_Comparison\" >Purchase Order Vs Purchase Invoices: Side-by-Side Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Similarities_Between_Purchase_Orders_and_Invoices\" >Similarities Between Purchase Orders and Invoices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Examples_and_Scenarios_of_Purchase_Orders_and_Invoices\" >Examples and Scenarios of Purchase Orders and Invoices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Why_Do_Companies_Need_Both_Purchase_Orders_and_Invoices\" >Why Do Companies Need Both Purchase Orders and Invoices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/purchase-order-vs-invoice\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Difference_Between_Purchase_Order_and_Invoice\"><\/span><b>Difference Between Purchase Order and Invoice<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The buyer issues a purchase order (PO) to specify the goods or services they want to acquire and the quantities. In contrast, an invoice is sent by the vendor to the buyer after fulfilling the purchase order, detailing the payment terms and options.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_a_Purchase_Order\"><\/span><b>What Is a Purchase Order?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PO, or the <a href=\"https:\/\/razorpay.com\/learn\/purchase-orders\/\">purchase order<\/a>, is a financial document issued by the buyer or a purchasing department to the seller or supplier. It contains details for the items needed to be purchased, such as quantity, kind of goods, and price. At the bottom of the PO, the seller has the option to sign. Once the seller signs the PO, it becomes a legally binding agreement for both parties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the supplier has met all the demands mentioned in the PO, he issues an <\/span>invoice<span style=\"font-weight: 400;\"> to the buyer. This <\/span>invoice<span style=\"font-weight: 400;\"> contains the details of the agreed-upon amount and payment options for the buyer. The supplier uses the same PO number to reference the <\/span>invoice <span style=\"font-weight: 400;\">while demanding the money, which ultimately helps to make the payment process quick. A purchase order form is like a numbered contract that a buyer fills out to order things from a seller. It lists what is being ordered, where it should be sent, and how and when the buyer will pay for it. This form helps make sure everyone understands and agrees on what&#8217;s being bought and sold.<\/span><\/p>\n<h3><b>What Information Does Purchase Order Contain?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The PO includes the buyer&#8217;s name or company, expected delivery dates, a detailed description of the type and quantity of goods, price, shipping address, payment details, seller\u2019s address, and a unique PO number. It also contains tax information and discounts, if applicable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the PO includes the phone numbers of both parties and outlines terms and conditions related to shipping, purchasing, and payment.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_an_Invoice\"><\/span><b>What Is an Invoice?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An <\/span><a href=\"https:\/\/razorpay.com\/blog\/what-is-invoice\/\">invoice<\/a><span style=\"font-weight: 400;\"> is like a bill that a supplier sends to a customer to request payment for goods bought, shipped or received. It shows what was bought, how much it costs, and when the payment is due. <\/span><span style=\"font-weight: 400;\">Invoices can have an &#8220;open&#8221; status for customer billing until they are paid, or a &#8220;paid&#8221; status if the customer completes the payment immediately in-store or online.<\/span><\/p>\n<p><em><strong>Related Read:<\/strong> <a href=\"https:\/\/razorpay.com\/blog\/invoice-vs-contract\/\">Invoice vs Contract: What\u2019s the Difference?<\/a><\/em><\/p>\n<h3><b>What Information Does Invoice Contain?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A legally bound <\/span>invoice <span style=\"font-weight: 400;\">must contain every information listed below, that a buyer will need to make the payment:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sequential <a href=\"https:\/\/razorpay.com\/blog\/invoice-number\/\">Invoice number<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PO number<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Order date<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Date of <\/span>procurement<span style=\"font-weight: 400;\"> or services rendered<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice issuing date<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contact details, including name and address of the buyer and seller<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Terms and conditions of payment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Detailed description of goods or services purchased<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Price &#8211; per unit, including any discounts, if applicable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax applicable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The total amount to be paid by the buyer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment due date<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shipping cost, if any<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any <a href=\"https:\/\/razorpay.com\/learn\/what-is-advance-payment\/\">advance payment<\/a>, if made<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Sellers can also refer to the various templates or accounting software available online. It will help to ensure everything is included and nothing is missed.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Purchase_Order_Vs_Purchase_Invoices_Side-by-Side_Comparison\"><\/span><b>Purchase Order Vs Purchase Invoices: Side-by-Side Comparison<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Features<\/b><\/td>\n<td><b>Purchase Order<\/b><\/td>\n<td><b>Invoice<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Definition<\/b><\/td>\n<td><span style=\"font-weight: 400;\">A document from the buyer to the seller outlining the terms, quantity, and price expectations for the goods or services.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A document from the seller asking the buyer to pay for the goods or services rendered, along with the amounts owed.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Purpose\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">PO facilitates <\/span>procurement<span style=\"font-weight: 400;\"> by specifying what the buyer wants from the seller.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The invoice requests <\/span><a href=\"https:\/\/razorpay.com\/blog\/what-is-payment-processing\/\">payment processing<\/a> <span style=\"font-weight: 400;\">for goods or services rendered.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Issued by<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It is issued by the buyer.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It is issued by the seller.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Issued to<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It is issued to the seller.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It is issued to the buyer.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Timing<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It is shared before goods and services are delivered.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It is shared after the PO once the goods and services are delivered.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Function\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It shares the terms of the sales.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It confirms the sales of the goods or services.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Components\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It includes order details, product description, price, quantity, delivery date, contact details, and unique PO number.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It contains information on the products delivered, description, price, quantity, payment terms, payment due date, and total amount due.\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Legal status<\/b><\/td>\n<td><span style=\"font-weight: 400;\">PO becomes legal when the seller accepts it.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The invoice represents the buyer\u2019s obligation to make the payment.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Role in procurement<\/b><\/td>\n<td><span style=\"font-weight: 400;\">PO initiates the process by specifying what the buyer wants from the seller.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The invoice completes the process by providing detailed delivery information and the total due amount.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Role in payment processing<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It acts as a reference for payment and approves the expense.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It requests payment and gives the information needed to complete the transaction.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Example<\/b><\/td>\n<td><span style=\"font-weight: 400;\">A business issues a purchase order (PO) to a supplier specifying the quantity, cost, and terms of delivery for 100 pieces of a certain product.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The supplier provides the business with an <\/span>invoice <span style=\"font-weight: 400;\">after delivering the 100 units, which includes information on the items delivered, the total amount owed, and payment instructions.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Similarities_Between_Purchase_Orders_and_Invoices\"><\/span><b>Similarities Between Purchase Orders and Invoices<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Just like there is <\/span>difference between purchase order and purchase invoice<span style=\"font-weight: 400;\">, there are certain similarities as well. Both documents are finance-related documents informing about goods and services. They are essential in optimising spending and offer better visibility into the purchasing process. Both documents are legally bound and contain some basic information, like purchase details, vendor details, shipping information, and amount.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Examples_and_Scenarios_of_Purchase_Orders_and_Invoices\"><\/span><b>Examples and Scenarios of Purchase Orders and Invoices<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here is an example of a real-world scenario that will help in understanding <\/span>what is difference between purchase order and invoice<span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s assume &#8220;A&#8221; owns a restaurant in Mumbai that he wants to remodel. After extensive discussions, he finalises &#8220;B&#8221; as the supplier. A, the buyer, and B, the supplier, agree on the furniture specifications, customisations, pricing, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A\u2019s purchasing department then raises a PO with B, detailing the required items, prices, quantities, delivery date, and a unique PO number.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B requests a change in the payment terms and the <\/span><a href=\"https:\/\/razorpay.com\/blog\/what-is-billing-cycle\/\">billing cycle<\/a><span style=\"font-weight: 400;\"> from 60 to 30 days. A agrees and shares the updated PO, which B signs, making it legal. After it&#8217;s done, A follows up on the order status using the PO\u2019s unique reference number, making it easy for B\u2019s company to locate and provide the information.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During shipment, B includes the PO number on the invoice and shipping forms. The invoice contains details on products delivered along with the total amount due, payment terms, and mode of payment for <\/span><a href=\"https:\/\/razorpay.com\/blog\/what-is-invoice-processing\/\">invoice processing<\/a><span style=\"font-weight: 400;\"> purposes. When the order arrives, A\u2019s team uses the PO number for customs identification and payment, inventory updates, and accounting entries. <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the order reaches the office, A\u2019s team refer to the PO number to make an entry in their <\/span>automated billing system<span style=\"font-weight: 400;\"> for making the payment to B. This helps in updating the inventory and accounting files. A then makes the payment to B on the agreed date, and the invoice status is marked as paid.<\/span><\/p>\n<p><em><b>Related Read: <\/b><\/em><a href=\"&quot;https:\/\/razorpay.com\/blog\/po-and-non-po-invoice\/\u201d\">PO and Non-PO Invoices: Meaning, Differences and Examples<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Companies_Need_Both_Purchase_Orders_and_Invoices\"><\/span><b>Why Do Companies Need Both Purchase Orders and Invoices?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To handle <\/span>procurement <span style=\"font-weight: 400;\">effectively, a company needs both <\/span>purchase orders<span style=\"font-weight: 400;\"> and invoices. POs initiate and manage orders with suppliers, providing precise details about the required products or services, quantities, and delivery specifications. They also help purchasers keep track of orders and ensure contract terms are met.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Invoices are used to solicit payment for products or services rendered. It includes a thorough explanation of the products or services offered, their amount, cost, and terms of payment. They help the buyer verify payments and ensure accurate billing Additionally, they serve as legal documents in case of disputes. Both POs and invoices are crucial for preventing errors and miscommunications in the procurement process.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Purchase orders<span style=\"font-weight: 400;\"> and invoices have different purposes, yet both are necessary for effective payment and <\/span>procurement <span style=\"font-weight: 400;\">procedures. Before a transaction, POs clear things up and avoid misunderstandings, while invoices guarantee correct financial records and expedite payments. When combined, they improve any company&#8217;s financial management, responsibility, and communication.<\/span><\/p>\n<p><em><strong>Related Read:<\/strong><\/em> <a href=\"\u201chttps:\/\/razorpay.com\/blog\/invoice-reconciliation\/\u201d\">What is Invoice Reconciliation and How to Reconcile Invoices?<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><b>FAQs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><b>1. Can a purchase order be modified after it is issued?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A purchase order, when in the pending stage, can be changed before it is issued. Once a purchase order has been issued, it cannot be changed; you must void it and submit a new one.<\/span><\/p>\n<h3><b>2. Can I cancel a purchase order?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, a purchase order can be cancelled, but it all relies on the parameters that the buyer and the seller have agreed upon. It is necessary to review the contract frequently and get in touch with the seller for any cancellations as soon as possible.<\/span><\/p>\n<h3><b>3. When is a purchase order issued, and when is an invoice generated in a business transaction?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The purchase order (PO) is issued by the buyer before the supplier delivers goods or services. In contrast, invoices are generated by the supplier after the goods or services have been delivered.<\/span><\/p>\n<h3><b>4. What if I receive a product different from what&#8217;s on the purchase order?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If the goods you get differ from the one listed on the purchase order, get in touch with the supplier once to let them know about the difference and ask for a remedy, such as a return or replacement.<\/span><\/p>\n<h3><b>5. Are there legal implications associated with purchase orders and invoices?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Purchase orders and invoices have legal implications. Purchase orders are binding contracts, while invoices formally request payment. Failure to fulfil these documents can result in legal action for breach of contract or debt collection. Proper management of these documents is essential to avoid legal disputes.<\/span><\/p>\n<h3><b>6. How long should I keep invoices and PO?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">There are no set guidelines on how long one should keep these documents with them. They can be kept for a few years or forever.<\/span><\/p>\n<h3><b>7. What role do purchase orders and invoices play in inventory management?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Purchase orders initiate procurement and provide a record of ordered items, quantities, and delivery details. Invoices document the completed transaction and payment terms. Together, they enable inventory tracking, cost management, and supplier relationship management.<\/span><\/p>\n<h3><b>8. How does the payment process differ between a purchase order and an invoice?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A PO is issued by the buyer and accepted by the seller and the Payment is not due until the seller issues an invoice after fulfilling the purchase order. Whereas the seller issues the invoice, and the payment has to be made by the buyer as per the agreement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have just started a new business, you may get confused between purchase orders and invoices. There are many similarities and variations between invoices from the vendor&#8217;s billing department and purchase orders from the buyer&#8217;s procurement department. Therefore, it is necessary to understand the difference between a purchase order and an invoice for the<\/p>\n","protected":false},"author":38,"featured_media":16941,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[675,360,392],"class_list":{"0":"post-16837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-invoice","9":"tag-invoice-processing","10":"tag-what-is-an-invoice"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/16837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=16837"}],"version-history":[{"count":13,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/16837\/revisions"}],"predecessor-version":[{"id":22083,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/16837\/revisions\/22083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/16941"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=16837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=16837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=16837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}