Download these best 15+ Free Product Purchase Receipt Templates. These are designed officially in MS Word and Excel. You can make a Receipt easily in a few minutes..
Running a business is actually overwhelming. While running a business, it is wise to have receipt available for record of sale and purchase for both the buyer and seller. With a revolving door of customers who all need their purchase receipts, you need to have a receipt book on hand ready to roll.
Basic Purpose of Product Purchase Receipt Templates
Product purchase receipt is a written acknowledgment of having purchased a range of products or single product with a specified amount of money. It is a short document issued to the customer at the time of purchase of a product or service. Product purchase receipt serves as an agreement between seller and buyer. It is helpful to keep track of the expenses as well. In some cases, it becomes a legal (written or printed) document that is signed by both parties (seller and buyer).
While delivering a purchase receipt, make sure to make a copy for your own record. Use of carbon copy paper will save your hand a cramp and time of your customer as well. Your purchase receipt format should be designed keeping its usage in your mind. An ideal product purchase receipt format should be well organized, professional and environment friendly in design according to your business needs.
Purchase receipt basically contains the information about name and details of seller and buyer, time and date of purchase, details of products or services purchased, pricing and amount of money, mode of payment, and signatures of both parties involved in purchase. Put the name and address of your business at the top of your receipt. Usually this space is specified for company logo or stamp of your company to make the receipt more official.
Then include the date. Date or time of receipt becomes more important in case the customer decides to return the purchased product or the company has date sensitive return policy. After declaring date, mention the details of products or services the customer has purchased. Itemize each product in separate line including the quantity and price of each item in the list. Write the price at right so that it can remain isolated from other amounts to be calculated easily. For example:
1 Cheese burger 5 50
2 Onion king 4 95
3 Chicken fried 5 105
Lining up all purchased items and their prices, it becomes easy to calculate the total of the price paid. Adding total calculated amount is optional.
Free Product Purchase Receipt Templates Word and Excel
Here are below previews and download link for these Simple but official Product Purchase receipts Templates Word and Excel
Tips To Create a Product Purchase Receipt
Check twice to make sure that you have not missed any product on the list of purchase receipts, and the number of items and prices are mentioned correctly. You should skip a line after the last item on the list before mentioning the total of prices. In this way, the receipt becomes more obvious to read.
Though the receipt is the record of purchase, mention all the discounts or special offers applied to the purchased products at the time of purchase. For instance, if the customer comes with a 30% discount coupon, or you have a special discount offer under specified circumstances, you need to take off 30% of the price or apply a decreased price from the sub-total after you apply taxes. Most of the stores and businesses choose to apply the discount offers before they apply taxes. But it is done under the business policies defined from the company you are making receipt of.
If you are making a purchase receipt of a heavy or expensive item/product, you need to calculate tax on the purchase order before you finish it. Taxes vary according to state and city. So you must be aware of the tax rate to be applied to purchase order.
Write what mode of payment customer has used to pay for purchase order, i.e. cash, check, credit card, gift card. Mostly customers pay with cash; so write the cash amount paid and then the amount change received. In case of check, write the check number on the purchase receipt.
Include signatures to the receipt to make it authentic. Receipt means nothing without having signature.