Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Standing Order? How do I enter one?

enter
0
Posted

What is a Standing Order? How do I enter one?

0

Creating a Standing Order for goods and services allows you to create one Purchase Order against which several invoices can be applied. For instance, Agriculture could create a standing order for the animal feed they buy. They would set the requisition up for the amount needed to pay for the entire year. Then as feed invoices came in, they would put the standing order number and approval signature on them and forward them to accounts payable.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123