We all get receipts everyday for every other item we make a purchase on. For us, it seems these are just a waste of paper and rather unimportant. But receipts play a major role in a business receipt and for the government taxation system. For example, there are times when constructive receipt of a payment receipt is argued over tax courts when IRS (an american revenue agency) is chasing for taxes from any individual or person.
Here are some samples of a deposit receipt. Each sample can be downloaded for free in receipt examples in PDF and Receipt Examples Doc formats.
Blank Taxi Receipt
Receipt for Rent Sample
Blank Restaurant Receipt
Rental Receipt Example
Blank Donation Receipt
What Is a Receipt?
A receipt is typically a form of document containing information regarding a sale or purchase and other supplemental information about the sale receipt. For the seller, receipts serve as basis in the filing of their taxes in connection to the business.
Benefits in Having a Receipt
If you are a business receipt, having a receipt has the following advantages:
- Records – Accounting for all expenses or sales will be much easier since you have got a record for all your transactions.
- Claims – In the case of returns or refunds, having kept records for these receipts enable you to subtract the refund from your sales and may claim refund for the tax excess or difference.
- Tax Payments – Official receipts from anything purchased are used as expenses and can be deducted to your sales lowering net income and therefore effectively lowering your tax payments
- Audit Reduction – Proper filing of official receipts minimizes the risk of audit.
- Hard Evidence – The official receipt serves as evidence of any transaction and can be used as proof during any government audit.
Blank Cab Receipt
Sample Hotel Receipt
Blank Invoice Receipt
Receipt for Order
Blank Delivery Receipt
Sample Company Receipt
What Is the Purpose of a Receipt?
Receipts serve to provide information to clients regarding a transaction made while at the same time help internal accounting in their records.
The following list items provide purpose for a receipt:
Some businesses who have valued clients, always keep copies of receipts from important customers not only to track the sales but also to gather more information on their client. From receipts, a business can surmise regarding patterns, behaviors, and preferences of a customer.
The receipt, therefore, provides more ideas on how a client thinks in connection to his buying behaviors and may provide additional information on what items or products to stock on and the frequency of the customer coming in to purchase an item or product.
Warranty Exchange and Returns
A receipt is often a requirement to make an exchange for an item, for example that does not fit or in a wrong size. Without having a receipt, a customer may only be able to exchange for something having a similar price but not a return of the money spent for the item. The receipt then can be presented as evidence for the sale to request for a return of the money spent for the item.
As mentioned before, receipts are a good way to keep track of your sales transactions. Referencing these sales transactions help accounting to keep track of these transactions and use these for financial reports as well. In the case of taxation, sales receipts greatly aid in lowering taxes for the business.
Blank Contractor Receipt
Sample Lease Receipt
Transfer Receipt Example
Sample Loan Receipt
Four Common Types of Receipt
There are at least four common types of receipt that we may encounter from day to day by either making a purchase or processing a purchase.
- Receipt of Payment – Made by the seller of an item or product to process the transaction
- Sales Receipt – Acts as proof of purchase when a customer buys an item or service. Information such as receipt number, date of purchase and amount received. It should also indicate if the sale was paid in cash or in credit.
- Medical Receipt – Receipt in connection to a medical purchase like buying medicine or prescriptions. Information in a medical receipt contain what the diagnosis is for the ailment or sickness, dates of visit and consultation, and the total payment for the items
- Rent Receipt – This receipt is a receipt given by a landlord to a tenant acting as proof of payment for the rent with information such as the name of the landlord, address of the property, renter’s name, payment amount, billing period, and the duration of the rental agreement.
Blank Official Receipt
Medical Receipt Example
Blank Receipt for Sales
Cash Receipt Example
Writing a Receipt of Payment
In all purchases, any individual nowadays expect a form of receipt to be given after the transaction. If push comes to shove and by the blessing of unlucky gods you run out of receipts or your register breaks down, these following tips may just help you get out of that mess:
- In clear and visible writing, place your business name, address and contact information either at the top or at the bottom of the paper. Write the date of the transaction and additional customer information including contact number
- List down items in the sale and give a short description of each indicating quantity as well.
- Put down the price and any discounts given including the tax rate and tax for that transaction
- Do not forget to include any other additional charges such as shipping. Indicate the total amount paid and the mode of payment which you received as either cash, credit card (card number), or check payment receipt (check number)
- Place a note for additional items like terms of the sale or warranty information
Acknowledgement receipt examples and official receipt examples shown on the page may further assist you in the making of a receipt, just in case you may need to draw one up from scratch.