Accounting for stuff like office supplies is simple. You spend $50 on copier paper, and you record a $50 expense in your ledger. Purchasing fixed assets such as land, buildings or equipment is more ...

In all businesses and accounting functions, purchase orders (POs) are an important everyday transaction but what is a purchase order and why are they important? A PO represents a formal request to a ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Independent research commissioned by Exact last year found that Britain’s SMEs are collectively losing out to the tune of £3.7 billion as a result of poor internal financial processes. This is a ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

When issued to a supplier for provision of goods or services, purchase orders are legally binding. This guide explains how they can help small businesses track orders and receive payment for work done ...

Metro may be overpaying contractors for frequently purchased goods and services because the transit agency's purchase order accounting is rife with errors and is missing documents, according to an ...