A bill receipt template is a legally enforceable commercial document issued by a seller to the prospective buyer. The bill has a legal value in any type of transaction related to the sale and indicates the products, quantities and agreed prices for product or services. Moreover, bill receipts are not the same document as a bill invoice. This is because a bill receipt is an amount of money payable for goods supplied or services in a printed or written statement of charges. Whereas, the bill invoice is issued prior to the payment and is used to track the sale of goods or services. Generally, a bill receipt and payment account are summarized into a cash book for a given period. In addition, this receipt is a summary of the cash transactions made in the cash book for various reasons. For instance, to analyze and classify under suitable headings, including the opening and closing balances. A bill receipt is often included in the form of a tax invoice.
Purpose of Bill Receipt:
A bill receipt template comes with many names and purposes, like a bill of parcel, unpacking note, packing slip, docket, delivery receipt, manifest or customer receipt. Basically, it is a document in which a person has received money or property in payment succeeding a sale or other transfer of goods. The main purpose of bill receipt is to record all business transactions under a single head of account. This is because it helps management and accountants to prepare different crucial statements. Moving further, to prepare an excellent bill receipt, you must have a perfect bill receipt template, which can help you avoid time and money losses. Whereas, the bill receipt format comes with editable options that enable users to apply it in different transactions. Moreover, it is abbreviated with quality content and incredibly designed by experts who have worthwhile experience. You can easily download these free bill receipt templates from this page.
