Receipt of payment is a document generated and issued by receiver of payment to document the transaction in written. 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 receipt of payment template 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 budget and finances. Receipt of payment template lets users to 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 deal has been paid. It helps a lot in record keeping process. A tenant may receive receipt of payment for rent when rental amount paid before due date. Such payment receipts are created by landlords, property owners and real estate agents. Receipt of payment can also be made for payment of loan made by borrower to pay off loan amount on time.
Most of businesses and companies first issue invoices to their customers regarding a sales transaction or deal and when customer pay the full amount mentioned in the invoice, the company or business issue receipt of payment in return. It evidence that the buyer now has no need to pay anymore. Internet is full with wide range of receipt of payment templates that users can download and customize for free to generate spotless and professional looking payment receipts. A company or individual person can create payment receipts prolifically via payment receipt templates listed at the end of content.