What is a Bill of Lading?
A bill of lading is a document accompanying freight that states the agreement between the shipper and the carrier and governs their relationship when goods are transported. It details the cargo in the shipment and gives title or ownership of that shipment to the receiving party specified on the document. That party is usually the organization the cargo is being shipped to.
The bill of lading accompanying a shipment is signed by the carrier when it picks up the shipment. The signature acknowledges that the shipment is on board the carrier, whether it’s truck, rail, air, or ship. When it’s signed by the recipient, often referred to as the “consignee,” it confirms that the goods were received as described on the bill of lading. It also serves as proof of delivery.
What is a purchase order？
A purchase order is issued by the buyer (or client) at the start of a business transaction. It documents the client’s expectations in regards to products or services required, quantities, and price. The client sends this purchase order to the seller for approval. Upon approval, the purchase order becomes a legally binding document.
What’s a Purchase Order Number?
A purchase order number is a unique number found on the purchase order form. It is used only once, to distinguish a purchase order from all other orders. Most accounting software will automatically generate this number when a new invoice is being prepared. The number is referenced by both the client and seller throughout the buying transaction process, and is later used by the seller when it is time to send an invoice.
What’s a Purchase Order Number?
A purchase order number is a unique number found on the purchase order form. It is used only once, to distinguish a purchase order from all other orders. Most accounting software will automatically generate this number when a new invoice is being prepared. The number is referenced by both the client and seller throughout the buying transaction process, and is later used by the seller when it is time to send an invoice.
