They provide a record of the transaction and serve as proof of payment, which is why it is crucial to use the right type of receipt for each situation. Receipts play a vital role in any transaction, whether it is for personal or business purposes. What are the different types of receipts?

Receipts, in short, are very important for keeping evidence of purchases, major expenses, budgeting, return or exchange, etc. With everything digitalizing in the times today, we are ruling out printed/paper receipts and replacing them with e-receipts. These are designed in such a way that you can customize them for yourself very easily, in the least amount of time.Īs times advanced, receipts are now recorded on printed leaves of paper, written by hand, or created through ‘Thermal Printing.’ The present trend of keeping receipts stems from ancient Egypt and is kept primarily for showing ownership, warranty, tax, audits, claims, accounting, reimbursements, and other financial purposes. Each of these ten receipt formats is an example of professionalism in itself. These receipt templates have been designed with great skills and beauty in Microsoft Word. Download Receipt Templates for Microsoft Word This receipt is future proof of the contract made and is aimed to expire once the deal comes to an end.

It shows a business contract or a deal in a detailed manner, and in a more sophisticated manner than the former case. In this case, a receipt is documentary proof that a payment has been made from the buyer to the retailer, and is known as a ‘Sales Receipt.’Īnother case where receipts are created is when a transaction is done between one business and another. Most of the receipts are received by customers/clients/consumers from the vendors or shoppers that they buy products or services from. Receipts are issued in many situations, cases, and scenarios. A receipt can be filled by hand or printed electronically.

It also provides the total cost of the products/goods, and the amount paid and the amount to be paid later. Receipts are mostly composed of several details regarding the date when the deal took place, the description of the items that were sold or bought, the price details, and the names of the seller and the one who bought. “A receipt is a piece of paper, an electronic document, or a written piece of evidence or acknowledgment that states the details of a transaction between a seller and a purchaser.”

Sales receipt template microsoft word