Regular Purchase Orders
What is a Regular Purchase Order?
A Regular Purchase Order is a method for placing orders for a one-time purchase and payment for line item goods that have a specific quantity and unit price. Typical examples include purchases of furniture, computers, equipment, and rentals. Regular Purchase Orders require a receiving report.
When to use:
- The goods or services are a one time purchase.
- The order involves a specific quantity and unit price.
- When ordering computers, printers or handheld devices over $300.00.
- Any type of asset $2,000 or more that will require a property tag.