Usually, businesses require a purchase requisition when a proposed purchase exceeds a certain amount. For example, Tufts University requires a requisition order for most purchases in excess of $2,000.

The purchase order log, as a running record of purchases, should have its counterpart in an invoice record that does the same thing for the seller – records and details the nature of each ...

Last Revised: May 1998 The form to be used for internal orders is the Internal Purchase Order (IPO). (A complete description of the service being requested or purchase being made and the account to be ...