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10×04/2017Purchase Order 850850Purchase Order Functional GroupPOPurpose: This Draft Standard for Trial Use contains the format and establishes the data contents of the Purchase Order Transaction
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Set 850 is used to report certain types of transactions to the appropriate authorities.
Entities and individuals who engage in the specified transactions are required to file set 850.
Set 850 can be filled out electronically or manually, following the instructions provided by the authorities.
The purpose of set 850 is to track and monitor specific transactions for regulatory and compliance purposes.
Set 850 requires information about the parties involved in the transactions, the nature of the transactions, and other relevant details.
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