Payments
Purchase Order
A buyer issued reference number authorizing spend, which suppliers must quote on invoices for approval.
What it means in practice
A purchase order records the approved supplier, budget, services, amount, and internal billing information. Its reference connects the creator's invoice to the brand's procurement and accounts-payable records.
Why it matters
Work performed beyond the authorized purchase order value may require additional approval before payment.
How it is used
The campaign manager sends the creator a purchase order number to include on the final invoice.
Also called
PO
Related terms
- Net 30A payment term requiring settlement of the invoice within thirty days of its issue or receipt.
- W-9 FormThe United States tax form collected from domestic contractors to record their taxpayer identification details.
- Kill FeeCompensation owed when a brand cancels a booked project after commitment but before or during production.