The official business definition of Po Vs Pr is the concept of Purchase Orders (PO) versus Payment Requests (Pr). A PO is a document sent by a buyer to a seller, specifying the type, quantity, and agreed-upon price for products or services that the seller will provide to the buyer. A Payment Request is when a seller requests payment for goods or services that have already been provided to the buyer. In essence, a PO is a buyer-initiated document, while a Pr is a seller-initiated document.
Both documents are necessary for the successful completion of a business transaction. The PO is used to initiate the transaction, while the Pr is used to complete it. For example, if a buyer wants to purchase a product, they would first send a PO to the seller. The seller would then accept the PO, fulfill the order, and