What is a Purchase Order?
- A purchase order (PO) is a legally binding document created by a buyer and issued to a seller of goods or services.
- A seller uses a PO number to invoice Lehigh for their goods/services.
- A PO creates an encumbrance in Banner. These funds are set aside (committed) so they are available when an invoice is processed by Lehigh’s Accounts Payable team.
When do I need a Purchase Order?
- POs have many applications but are most commonly used when Lehigh will be invoiced for goods or services
- Purchase Order Types
- Standard
- Retrofit
- Blanket
- There is no minimum or maximum dollar amount for a PO; however, there may be cases where an invoice cannot be paid unless it is accompanied by a PO
Please view Guides and Tutorials for more information.