Official Receipt
Cash flow forecast can be explained through the use of receipts. In its most significant relevance, sample receipts provide a good impact on the business receipts. Not only it helps financial managers keep track of the money, it also becomes an important instrument in better bookkeeping. Receipts have always been in the standard circulation of a business.
However, not everyone appreciates the importance of this piece of paper. Some people who purchase goods at the store just leave it at the counter. Some would take it from the cashier out of courtesy, however, they eventually throw out in the bin. We have to understand that receipts are printed with a very important purpose.
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How to Fill up an Official Receipt
Some businesses would often resort to downloading free receipts from the Internet and use them as guide or even more actual samples for their own. While others have the computers on their aid that could easily print out receipts with all the information in it.
However, in case you come across a blank receipt and you are to fill it up, remember to always start with the goods or services that were availed or purchased. Then, have it reviewed by the customer for any errors. If the customer agrees with it, fill up the customer information and have it signed.
What You Need to Know About Official Receipts
Official receipts are documents that are issued to customers as a proof of sales. It is issued normally upon receipt of payment from the buyer. However, most of us do not know how important official receipts are.
When the cashier at the store receives your payment receipt, he/she punches something on the computer and voilà, there goes the receipt. But in case you do not get one, remember that it is your right to secure one. Some countries require business establishments and all income earners to issue a sample receipt.
Some even penalise those who do not issue one. Make sure you know your rights and never settle for not getting one just because the cashier doesn’t know how to make one.
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The Difference between Sales invoice and Official Receipt
According to the latest statistics, about 80% of the countries around the world require all business entities to issue a receipt examples. However, with the billions of population in this planet that we live in, how many do you think knows the difference between a sales invoice and an official receipt?
Consider yourself lucky because you are one of the few who knows. Sales invoices are merely written documents that lists down the goods or services sold. On the other hand, an official receipt is a document that is given to a buyer after the seller receives the payment for the goods and services.
Benefits of Official Receipt
Some of us are really not into keeping pieces of papers. Not only it is an additional task, it also messes the drawer under your office table. However, there are a few benefits why we have to keep official receipts.
- Proper bookkeeping. Financial advisors always suggest to keep receipts to keep track of the cash receipt flow as well for proper documentation of expenses.
- Minimizes audit problems. When the company conducts a financial audit, at least you have something to show as proof of purchases.
- Expense reimbursements. In cases of factory defects and damages on the merchandise, as long as you are covered within the warranty period, you can ask for reimbursements or exchange.
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