Keeping Track with a New Payment Receipt
All transactions including sale, lease, charitable donations, service, and many others are honored and acknowledged inside the form of the receipt. Payment receipt which is popular with receipt of payment in kind of document that is served as proof which is given by the business to the customers either for partial or complete goods or services payment. This kind of payment will get a receipt issued after every sale is done. Other than as proof, this receipt plays an important role when the buyer wants to make a purchase return of the product or exchange it. The merchant will ask for the receipt of payment to verify the goods bought from the seller. This receipt is also useful for both buyer and the seller. Communication in the sales process may go smoothly when this document is used as an additional document to support it.
Moreover, people tend to think that the payment receipt template is the same as with the sales receipt. Those two types of receipts are different. The receipt of payment serves as the proof of the payment done by the buyer meanwhile for a sales receipt, is issued by the seller due to the payment requested if the payment is still due. The usefulness for both types is also different. Receipt of payment is useful for the buyer as the legal document explains that the seller has received the payment. On the other hand, a sales receipt is more useful for the seller since it is used to record the accounting process. Even though what include is almost the same, but there is a certain difference too.
Other Samples of Payment Receipt Template :
You need to pay attention to what to be included in the payment receipt template. There should be a date of the payment which tells about the date when the buyer gives payment to the seller whether it is a partial or full payment of goods or services. Then, the sum amount received explains clearly the exact payment given to the seller. After that, the seller’s detail provides specific information about the vendor that sells the services or goods. Quantity purchased is another thing that should be included as well. This explains the volume of goods bought. You can also add the logo to the receipt. To download this type of template for free, you can click on the link provided at the bottom of this page.
Payment Receipt Template | Word – download