![]() Both purchase orders and invoices include: While purchase orders and invoices differ, they do have some similarities. His local lumber yard will then deliver the plywood and send an invoice detailing how much he owes and asking for payment. He will create a purchase order listing how much plywood he needs and send it to his local lumber yard. This number is used for tracking purposes for both the buyer and seller.įor example, let’s say Connor owns a construction business and needs 100 sheets of plywood. Similar to how a purchase order has a PO number, invoices have an invoice number. When a vendor delivers a product or service, they send an invoice that outlines how much the buyer owes and the payment terms. ![]() An invoice is a document a seller uses to request payment from the buyer. ![]() ![]() On the other hand, invoices are initiated by the seller to collect payment. ![]()
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