A payment receipt or receipt of payment is a document generated and issued by the receiver of payment to document the transaction in writing. It is used as evidence of payment made for a particular reason or to fulfill an obligation. Payment receipts are generally made for all types of payments and mostly people get advantages from payment receipt templates to draft them professionally.
Expensive software and computer programs are also available in the market to do so but can’t be afforded by small businesses due to short budgets and finances. The receipt of payment template lets users create elegant receipts of payment swiftly.
As we all know that receipt is a commercial document to acknowledge that something has been received. Similarly, payment receipts are generated to show that payment regarding a particular transaction of the deal has been paid. It helps a lot in the record-keeping process.
A tenant may receive a receipt of payment for rent when the rental amount is paid before the due date. Such payment receipts are created by landlords, property owners, and real estate agents. Payment receipts can also be made for payment of a loan made by a borrower to pay off the loan amount on time.
Most businesses and companies first issue invoices to their customers regarding a sales transaction or deal and when customers pay the full amount mentioned in the invoice, the company or business issues a receipt of payment in return.
With the help of a payment receipt, it becomes evident that the buyer now has no need to pay anymore. The Internet is full of a wide range of payment receipt templates that users can download and customize for free to generate flawless and professional-looking payment receipts. A company or individual person can create payment receipts prolifically via payment receipt templates listed down below.