What is the difference between a contract and a purchase order?

Procurement is the purchasing of goods and services. If you are looking to purchase goods with a delivery date, a purchase order may be requested by your vendor or you may need to enter into an agreement. In this case select CP -Purchase Order as the Form in the “Enter Purchase Order/Contracts shortcut in NetSuite:

If you are contracting services with a beginning start and end date and a scope of work, select the CP – Service Request Form in the “Enter Purchase Order/Contracts shortcut in NetSuite.