Here is a collection of 10 Free Printable Receipt Templates to help you prepare your receipt easily.

It is vital for any commerce business to use printed Receipts in order to manage their accounts. Formal receipts are a good way to keep track of all the payments made to your business. In this way, you can track down any unnecessary expenses that you might have done throughout a given time. In case of any disputes with your clients, Proper Receipts can be used as a point of reference to settle the disputes. This is why most businesses insist that the customer should demand a receipt for any purchase made. However, if you are only starting your business, below are guidelines on how to keep your accounts properly with proper receipts.

What is the Difference Between an Invoice and a Receipt?

An invoice and receipt have a lot of things similar. But these are two different documents. Both documents contain similar information. The main difference between them is that an invoice is issued after providing the service before making the payment. On the other hand, a receipt is provided to the customer after the payment of the whole bill. A receipt works as proof that the customer has paid the bill.

Free Printable Receipt Templates:

Here is our collection of Printable Receipt Templates prepared by our staff to assist you.

What you should Compulsorily Include in Your Receipt?

As we all know Microsoft Word is good for general documents such as agreements, and letters. By using it, you can make good-looking and professional documents. However, it is hard to align items and perform calculations in Word. You will have to perform the calculations manually, which is not the right thing. Meanwhile, the word is not good for formulas and calculations. Instead of that, if you use MS Excel, then you will easily align all the things and will be able to perform the calculations with the help of mathematical formulas. Excel provides you the facility to use the redefined formulas, but it is not good for visuals.

Here are some important things that you should compulsorily include in your receipt:

• The date on which the receipt is issued.
• A unique receipt number to make it different from the other receipts.
• Received Amount.
• All the details of the Transaction.
• Received From (The name of the person who is providing the payment).
• Received By (The name or the signature of the seller or the receiver of the payment).
• Add the payment method (cash, cheque, money order, other).
• If you have made the payment with a cheque or credit card, then it is necessary to add their details to reduce the risk of conflicts.

Creating a receipt is not a difficult thing, you just have to select the right template according to your needs. To help you out, we have listed some free and high-quality printable receipt templates in MS Word or Excel Format. These all templates are easily editable and customizable for the ease of the users.

Receipt Templates – Include All the Terms and Conditions:

Proper Receipts should always include all the terms and conditions of operations in your business. Most Proper Receipts always include the statement, “Goods once sold cannot be returned.” This means that a customer cannot dispute the goods once they have been issued the receipt. Do not just lay out a plain piece of paper written a cash value and call it a receipt. Some customers are cunning; they may purchase your products and tamper with them. Then they can return the goods to you in a non-functional state and demand a refund. Take care of this by clearly stating your terms and conditions on your Proper Receipts.

Receipt Templates – Include The Name of Your Business:

Proper Receipts are always used as proof of purchase for the product or service provided. Including the name of your business on the receipts is a good way to market yourself. It is also proof that the client purchased the product at your business store. This way, a customer can feel free to approach you in case of any issues with the product. It is also an efficient way to get feedback from your clients.

Receipt Templates – Include Both Your Contact Information and Physical Address:

If your receipts include contact information, customers will have a convenient way to order your products and services at home. When a customer uses and possibly disposes of a receipt as waste paper, it may fall to the hands of another would-be customer – hence this is an excellent self advertisement that enhances your visibility.

Using Proper Receipts is a good way to market yourself to your clients and increase your visibility to your clients. Proper Receipts also portray an image of professionalism and seriousness to your business. Proper Receipts are a good way to track down your business transactions with your clients. They have numerous benefits to your business. Moreover, if you are not the one who handles money in your business, using Proper Receipts is the way to go. It will prevent fraud or embezzlement by your employees. It does not matter if you are starting your business, or if you have already established yourself in the world of business. The use of Proper Receipts will always save you a lot of time and money.