This document is used as a confirmation of order including details about delivery date and terms of payment for the buyer. It is a legally binding document between a supplier and a buyer which ensures accomplishment of work through a precise way of transaction. A purchase order template is an important document for business as well as professional field which describes all essential details related to the transaction. This document is prepared for the settlement of a deal with another company for a consignment. It ensures all the terms and conditions of purchasing, including all information about payment order. Usually, this document is sent for providing details about order and also for defining segments of consignment including way of payment. A seller can get loan through different banks by providing a purchase order having brief details about transaction. It is a first official offer issued by a buyer to the seller and used to control the purchasing of products and services from an external supplier.