When you give payment, either in cash or card, you will surely receive a receipt for that. If you own a business but you do not want to use a pre-made receipt book that you can buy from an office supply provider, you can actually print out your own receipt using the receipt templates here in this article.
Are you about to create a basic receipt design for the first time? You might want to consider getting insights from the following elements. You may also check out these simple receipt examples.
1. The business name and the address: Every receipt must indicate its business name and address particular at the top part, but this does not mean it cannot be placed at the bottom. What’s important is that it should be clearly displayed for the customers to see and read.
2. The list of the services or products and its prices: Every receipt should be able to list down exactly what the customer purchases or availed as well as its corresponding price. This is for the reference of the customer and to correct any discrepancies.
3. The subtotal, value-added taxes, and the total amount to be paid: Every bottom part of the receipt contains the subtotal of the total amount of goods or services before you apply the taxes, the taxes, and the total amount of goods and services with the taxes applied.
4. The record of transaction: Under this should be the record of how much the customer gave as payment, and if there is any change, it should also be included. This serves as a reference for both parties, the vendor and the customer, in the event that improper change was given.
Here are the steps in creating a receipt with the use of a ready-made template. You may also check out these taxi receipt examples.
1. Decide on a receipt template. Before anything else, you have to make sure that you have decided on a receipt template that you would like to utilize for your business’s receipt that you are going to use on your daily transactions with customers.Make sure that you choose a receipt template that is just right for the kind of the business or else for the next step, you will have a lot of difficulty in adding your own contents later on. In this article, we have provided receipt templates and examples that can help you get started.
2. Add your own content. Not all receipt templates are perfectly suited for your business that there will always be some room for changes and replacements. This is why after choosing your desired receipt template, you have to make any necessary changes.It is in this step that you will add your own business content, such as your business logo and other important details that you should include because your receipt can also be a form of branding that will help people in identifying or recognizing your business.
3. Wrap things up: To wrap up, you have to proofread and edit everything you have included in your receipt template. This is to make sure that your receipt is free of errors, in terms of grammar and spelling, and free of mistakes, in terms of the placement of your contents.Wrapping things up is very important because if you are only going to find out your errors and mistakes right after having it approved by DTI or SEC or after printing batches of receipts, you will not only waste money but you are going to waste more money as well as waste other resources such as time and energy.
Whatever type or kind of receipt you are about to design, a tip or two on the side can seriously be of great help to you. You can also read and make use of these expense receipt examples.
Before you start designing and printing receipts for your business, you first have to know the types of receipt so that you will know what is the appropriate type of receipt you should use for your business. You can also make use of these receipt of payment examples.
Basically, there are three classifications of business, namely businesses that sell products, businesses that sell services, and businesses that sell both. Each classification consists of different types of services that are appropriate for each of these.
Such businesses would face two scenarios only: one is that they deal with individual customers and the other is that they deal with other businesses. For those that deal with individual customers, it is best to use the sales invoice type of receipt. For those that deal with other businesses, it is best to use delivery receipts, collection receipts, as well as sales invoice.
Such business would face two scenarios like that of the first classification which is, one, dealing with individual consumers and the other dealing with other businesses. For businesses that deal with individual customers, it is best to use an official receipt. For businesses that deal with other businesses, it is best to use either or both of billing statements and official receipts.
The types of receipts appropriate for this classification is simple—just combine the types of receipts mentioned for each classification above. This gives you five types of receipts of which we are going to define individually below:
1. Delivery Receipt: This type of receipt is usually signed by the receiver of an individual or business’s shipment in order to indicate that they have, indeed, received the shipment.
2. Sales Invoice: This can be easily defined as a record of the sale that provides the date when the transaction was made and how much money was paid. These details can be used to track information about the transaction done.
3. Collection Receipt: This type of receipt is issued if the sale was on credit and will only be issued upon receipt of the payment in cash from the customer.
4. Billing Statement: This is a monthly report that companies, like credit cards companies and services (electricity, water) companies, would issue to their customers to show their recent transaction, their payment due, and date due. This is usually issued after a billing cycle.
5. Official Receipt: This is issued to a customer upon the collection of cash that serves as the service fee. This is also a document that supports the sale of service.
Receipts usually come in large and small sizes. You may also see these work receipt examples.
Receipts are written documents that is used to acknowledge that the recipient has exchanged money as payment with something of value, such as goods and services. Receipts basically contain the date when the transaction was made, the goods bought and the services availed, and the total amount paid. These printable receipt examples might be of use to you.
There are four major purposes that every receipt serves and these are for customer information or donor, for internal accounting that involves the documentation of every single purchase made, for returns and exchanges, and for nonprofit donations. You may want to learn more about receipts by knowing how to format one.
The basic things that a receipt must include are the number of the receipt, the date, the name and price of each item bought or services availed, the amount received, the taxes added, the payment amount, the change made, the date of the sale, and the name of the employee who processed the transaction. You may also see these acknowledgment receipt examples.
All you have to remember is that sales invoices are issued before paying while official receipts are issued right after paying. Additionally, a sales invoice is used to track the sale of products and/or services while official receipts serve as the buyer’s documentation or record of the transaction made. You may also want to learn about receipt of payment.
About to run a business soon? It is best if you will already have a receipt. Receipts are your best defenses when it comes to audit. Receipts are useful in preparing your financial statements, identifying your sources of income, keeping track of your expenses, and in preparing and supporting your tax returns. But more than that, receipts are also helpful in monitoring the progress and measuring the overall success of your business endeavors.