Every item sold should be accompanied by a sales receipt to confirm the sales by the seller or purchase of an item by the customer. A sales receipt is usually issued by the seller to the customer upon payment for the item sold.
A sales receipt usually displays the issuing company’s information and the item sold together with its cost. In the business world, sales receipts are compulsory to confirm all transactions made and to submit to the taxation bureau for rebates or tax purposes.
A sale receipt usually registers:
* Company’s Name & Address
* Company Logo and contact number
* Customer’s Name & Address
* Date of Transaction
* Type of Transaction
* Description of Transaction
* Transaction amount
* Transaction reference number
* Payment Type
* Amount Received
* Payment Method
* Check Number
* Date received
The sales receipt is an acknowledgement of the payment made by the customer to the company. If there is any deposit made prior to the full settlement of the sales amount, that value will be recorded in the sales receipt as well to reflect the actual transaction process.
Discounts, shipping, service and sales taxes can be listed down in the sales receipt to account for every cent made on that transaction. You can list down more than one transaction on a sales receipt if it is by the same client. A sales receipt will only be issued when the total payment is settled.
Consider the attached sample template for your convenience.