The purchase receipt template is a document which is prepared when you accept items from your suppliers which are against a purchase order. It serves as proof of a purchase transaction where goods and services are delivered to a customer. This receipt is of various types and can either enter data on a printed cash register or can be written by hand. But a well-prepared purchase receipt template will assist you to enter your data accurately without the chance of forgetting any important information. Whichever kind of business you are running, issuance of a purchase receipt is a daily task. So, you should be sure that the receipt you are using must contain all the required details.
How to Make a Purchase Receipt?
While making a purchase receipt, first you should mention the name and logo of your company along with all the contact details such as address, contact number and email. The contact details could be mentioned either on the top or at the bottom of the document. The date of purchase should also be mentioned and after that you need to write the contact information regarding the customer. After completing all the contact details of all the parties involved in the purchase, there should be a room to describe the item you are selling. The original price of the items and any discount along with tax rate and tax need to be explained on the receipt. In order to avoid any kind of hustle, you must include all the information that is related to the return policy or warranty of your purchase on a purchase receipt.
Purpose of Purchase Receipt:
One of the major purposes of a purchase receipt is to provide consumers with proof or written evidence of what they have purchased. This is a detailed document and provides all the details related to the purchase such as the item’s name, the amount, the date, and other relevant components. The importance of this document not only sticks to one party but is beneficial for all the parties as it provides the proof of purchase. All kinds of receipts are required when preparing financial statements and, with the assistance of these, you can keep track of your expenses. While dealing with the matter of tax, purchase receipts are also needed. Other than these, the purchase receipt is used for completing the records of the company and these documents can be used as proof in case of any legal matters.
Templates for Purchase Receipt
