with your vendors, and dont be afraid to negotiate. Make sure you make multiple copies; one for your own records, one for the vendor, and one for the accounting office. Once a vendor accepts a purchase order, it becomes a contract between buyer and seller. For example, a retailer who expects a particularly busy Xmas season may place an extra large order to keep up with the anticipated demand. Typical time periods are net 30 days and net 60 days. When you write a purchase order, you get to add your own fine print. A PO allows you to do this with little to no fuss. Using purchase orders to grow your business isnt as hard as you think, and it opens the doors to many other opportunities, such as last-minute orders or contracts from your own customers. The purchase order serves as an offer, on paper, to buy a specific product, in a specific amount, for a specific price. Any business that is involved in selling goods or services must have their own custom designed purchase order form for accurate, detailed recording of examples of purchase order forms information. A purchase order is much more than just a form; its a form that represents a way of life for many businesses that order large quantities of raw goods or supplies from a vendor on a regular basis. A purchase order template, unlike an order form template, is only used in the business-to-business marketplace. If so, make sure you have a good purchase order template that specifies quantity, product item numbers, and payment terms.