There are instances when you are sent off on an errand by your supervisor or senior officer that requires payment for the price of goods or services. Outlaying personal money is the most common way to easily accomplish the task given. The document received in exchange of the amount levied is called a receipt.
Receipts serve as an acknowledgement that you purchased an item at a business establishment. You can reimburse the fee you paid for the company. These reimbursements are written on expense receipts which will serve as support to the periodic expense report being generated by the entity. Examples of these receipts include Deposit Receipt and Payment Information Receipt presented on this page.
An expense receipt is a written document acknowledging that the company purchased goods or services from another business entity. When accomplishing company tasks, employees usually use their own money to pay the fees on company errands to save time. For them to be reimbursed, they have to give the receipt to the cashier or to the accounting staff assigned as proof of their payment.
Writing an expense receipt for the report can either be done manually with the help of a Money Receipt Template or a General Receipt Template or be done automatically with the use of receipt software and equipment.
It is essential for a business to use and to keep receipts for the following reasons:
There are different types of receipt template you can use for different kind of transactions. To save you time from the hassle of making one, keep these in mind when using receipt templates:
Proper recording of company disbursements would help a lot in generating the proper periodic reports that management would use in the decision-making process. Having expense receipts would definitely aid the business entity stakeholders in monitoring the outflow of cash in relation to company purchases.