Business Cash Receipt Template

What is a Cash Receipt?

Cash receipt is a document issued by the seller or retailer to the buyer or receiver to show the cash payment(s) made to him for a product or service. Previously, it was manually created by the seller to simply jot down the amount of cash paid, coupled with the said date and time. However, today, with the electronic means roaring, it is always produced electronically, laying out all the same details against the cash paid in a dissected manner.

For the purpose of record keeping and supporting reference, several documents are prepared on organizational levels. Some of these documents are created so frequently that they become part of the routine operations and all employees must learn to produce and use them. These organizational and business documents are related to different activities and functions in a company. An important document of this kind includes the Cash Receipt.

Whenever a sale of product or service is carried out in an organization and a payment corresponding to this sale is made, a cash receipt is issued. This cash receipt is an accounting document that helps record the amount received in return for the sales made by the company. From the very beginning of the business activities, the issuance cash receipt has been in practice. This document is useful for all stakeholders in a company. it can not only be used for establishment of records but also for dispute resolution and as an evidence for payment receiving. The cash receipt format differs from one company to another. Depending on the nature of the business activities each organization develops its own cash receipt template.

In definition, a cash receipt is truly a dissection of the cash payments made to the seller by the buyer for an item, be it a product or service. In most forms, a cash receipt, Therefore, the most common details on such a receipt include the following, but may include other specifics as well: the amount of cash made for payment, with date and time, signed by the seller, issued in the name of the buyer.

Typically, a cash receipt is generated and handed out when the purchase deal is complete. However, in recent changes pursuant to the business world, commercial transactions tend to continue over a period, and thus these cash receipts carry a very important role.

There are several reasons why cash receipt important:

  • The cash receipt helps establish a record of the selling of products and services in an organization
  • It is beneficial for both accounting and finance purposes
  • It can be used to provide evidence in case of audit or any other dispute resolution

Business Cash Receipt Template

Microsoft Word Format Receipt | Total size 118 Kb | Download