Purchase Requisitions/Purchase Orders

Purchase Requisitions (PRs) are initiated in LoboMart and become Purchase Orders (POs) once the proposed expenditure has been approved that authorize and encumber the funds. Once a purchase order has been generated, the department that initiated the PR can initiate the purchase or purchases indicated on the purchase order. The invoices that result from these purchases are sent by the vendor directly to the Accounts Payable Department. The Accounts Payable Department sends the invoice to the initiating department for review and authorization to release funds. The vendor payment is processed by Accounts Payable once the department has authorized payment. Regular Pay invoices created by the Accounts Payable department are used to issue checks or generate a direct deposit transaction to vendors from which goods or services have been purchased.