Purchase requisition
In accounting, purchase requisition means an internal request to buy, raised by the person who needs the goods or services and approved before a purchase order is issued. It commits nothing and posts nothing.
Not a rule. Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- purchase order (the commitment to the vendor)
Nearby in the catalog
No component names this concept outright. These sit in the same part of the system.
Also in Payables
Defined in Lexicon. This page is generated from that document, so the two can't disagree.