Basically a receipt is a form of invoice bill that is common, but at the same time it’s a significant tool used to maintain a record of transactions that are commonly involved in all sorts of businesses. It serves as a solid evidence that a sale or transaction has been made. In order to make your business easy going. In most cases, a receipt serves the role of a legal agreement between two parties involved in any kind of business. Generally, we can say that a receipt is a written form of acknowledgment declaring the received a specified amount of money or goods. Receipts always play an important role in any business, whether it’s a large scale business or operating at a small level. Transactions that are made on personal levels like if you are interested in selling a car, this also requires a receipt. . One of the most important things that you should know while making deals that involve buying and selling goods and services is how to write a receipt. The receipt is vital because if later on anything go wrong, there is proper evidence available about the time and date at which the transaction occurred and the amount paid, along with the method of payment is given on the receipt. A written receipt can be used to keep the business records and to make note of sales. It is also useful to the customer as it acts as a proof of purchase.
Here is preview of a Free Sample Advance Booking Receipt Template created using MS Word,
Furthermore, when making a purchase of heavy items and a big amount of money is involved receipts are considered ‘mandatory’ for both the buyer and the seller. They should have copies of receipts because in case of any dispute this receipt provides a legal cover to both the parties and act as a solid proof. A typical receipt may include information like the receipt number, amount receives, check no. and name of the one who is receiving the money. The date of the transaction made or the money received can also be given according. Mode of payment is also important. Do mention, how the payment is made or received that can be via cash, cheque or credit card. In case of cheque, the cheque number is necessarily required and the amount of money should be written properly on the receipt. If the payment is made using a credit/debit card you can confidently mention only last four digits. Now one of the most mandatory essentials of a receipt are the signatures of the vendor or a seller. This indicates that the sale has been completed. Let’s say a receipt is made for booking room in the hotel. This will be an advance booking receipt. Most of the things that should be given in this receipt are just lie a common receipt. But there are some additional things that should be written on an advance payment receipt. If the receipt is for booking a room in any hotel then you should mention the per day price for the rooms hired. The time when you’ll shift to the room of the hotel that time should be mentioned on the receipt.
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