What is a Receipt?
A receipt serves as proof that you have done the payment for your purchased orders and bills. It comes in many forms such as a cash receipt, rent receipt, business receipt, service receipt, or sales receipt. In addition, the receipt is written proof that there is a transaction happening between two parties. Upon receiving a receipt, it usually means that a cash payment was involved from a customer and a service provider. The receipts should be kept for future purposes like having some complaints about the thing you have purchased or if you want to praise the provider's services.
How to Make a Receipt
Receiving a receipt means ownership of something you purchased. It can be from purchasing a car, house, or simply your rent payment. It is important to always ask for a receipt because from it, you can trace your payments, tax, or fees from the thing you have exchanged business from. For the service provider's side, giving a receipt means that your business is credible and professional. We have provided steps on how to make a receipt for you to follow before you print.
1. Determine the Purpose
Knowing the purpose of the receipt you will be making is a must. It is because a receipt can simply be a receipt or an invoice. A receipt is proof of payment while an invoice is a request for payment. Determining which of the two types you will be making will help you achieve the proper format of the receipt that you need.
2. Write Down the Details
Placing important information in your receipt is the most important thing. The specific detail includes the receipt number, date, company name, contact information, items purchased and its cost, taxes, and the overall total. These details serve as a summary of the transaction that happened. According to finance.fas.harvard.edu, the Office of Finance at Harvard University, detailed receipts are required for the validation of business.
3. Insert a Logo
Your company logo should be in your receipt. It is usually placed at the topmost part of the paper. The logo serves as an identification that your receipt is legitimate and can be trusted. It will also make your business more popular by just looking at the receipt with the logo then your past customers will maybe recommend your services to others.
4. Put a Barcode
Barcodes are placed at the bottom of the receipt. The barcodes in receipts is a way of storing the summary of the transaction. The summary that is in the barcode are the details that are not placed on the receipt. These are the name of the cashier, the payment method, or anything that was not written on the receipt.
5. Choose a Font
The font on your receipt should be big and clear so that your customers will be able to read it easily. Choose a font that is simple and basic to make your receipt readable for everyone. You can just choose from the templates above to ensure that the fonts of your receipt are visible and readable enough for your customers.