How to Make a Rent Receipt in Google Sheets
A rent receipt is a piece of paper that documents every payment transaction between the client and the property owner. This written document serves as proof that a purchase has been made. In a house rental setting, there are several benefits a rent receipt can give to both the tenant and the landlord. The importance of rent receipts to landlords is that it provides formality, professionalism, and maintain a good appearance. Also, it allows the landlord to keep track of all the payments.
On the other hand, the tenants benefit from a rent receipt in a way that it serves as proof that the client has paid, in case the owner says he or she hasn't. Rent receipts also play a significant role in tracking the business's performance, either daily, weekly, monthly, or yearly. That is why it imperative to make a rent receipt regardless of the type of rental company you have. With that, we present you with some tips on creating a rent receipt. Check them out below!
1. Know the Purpose of Rent Receipts
Before you start the process of making your rent receipt document, you have first to understand its purpose. What's the importance of a receipt to you and your business? What will it benefit you, your staff, and your company? Furthermore, you must also understand the components of rent receipts. Being able to know the purpose and components of a rent receipt will help you throughout the process.
2. Find a Rent Receipt Template
Once you understand the importance of having a rent receipt, you can already start the process. If you are too busy to craft your receipt from scratch, you can always use a ready-made receipt template. A sample receipt template has already well-crafted layout and format plus a sample text that you can use as a reference. It gives convenience to you as well as helps you produce a relevant and well-structured rent receipt.
3. Edit in Google Sheets
If you want to change something on the template, we recommend you edit it using Google Sheets. This spreadsheet program is easy to use and has features that will allow you to craft projects beautifully. This application is accessible on various devices, so customizing your templates comes in handy.
4. Fill out the Necessary Information
Add your personal touch into your rent receipt template by filling it out with your rental business information. The essential details that you should include in your rent receipts are receipt number, date, amount payment, and method of payment. Write also the payee's name and the receiver's name, then add space for the signature. Include also your company name and company logo for branding purposes.
5. Print it Out
To complete your receipt-making process, have your rent receipt printed. You can do the printing or ask printing personnel to do the job. Either way, make sure to print it with the best materials to produce a presentable and professional receipt. Also, make sure to print your rent receipt in two's, one for you and one for your customer.