Purchase Order Receiving is the process of verifying, recording, and monitoring the arrival of goods or services purchased. It may involve documenting information such as the date of delivery, items received, quantity, quality, costs, as well as any related invoices or proof of payment. This step helps to ensure that your company counts its inventory accurately, reduces unnecessary costs associated with duplicate purchases, and allows you to better track and monitor future orders. Ultimately, it’s a crucial part of the purchasing process that keeps businesses running efficiently and cost-effectively.