10 Free Sample Product Purchase Receipt Templates

Every time people run their own business, whether on a small scale or large scale, they have to cope with a huge amount of record keeping along with paperwork. Whenever any customer purchases a product or service from any seller, it becomes quite necessary to record this transaction in a Product Purchase Receipt followed by purchase registers. The Product Purchase Receipt should include various details of the transaction so that the business and the customer can keep a record of the deal. It is crucial for anyone writing a Product Purchase Receipt for any business to have knowledge about numerous key pieces of information to be included in the purchase receipts.

Some useful information regarding Product Purchase Receipts format guidelines can be found here. Product Purchase Receipts are essential to write in order to preserve accurate records of total commercial purchases. Some important facts to be considered while writing a Product Purchase Receipt are described here.

Product Purchase Receipt Format Guidelines:

The header of the Purchase Receipt should include details like the title of the receipt and the name of the company followed by contact information on top of the receipt. Reserve some space to provide the name and contact information of the customer making the purchases in this short document. Some information about the method of payment of the customer is also provided. If the customer has made payment through a credit card then the type of card, last four digits of the account, and other important details have to be written. One can repeat the same process with the bank information while making payment through a check.

The details of the particular products purchased by the customer comprising a description of products and types of service are written next. The total amount charged to the customer for the purchased goods or services is mentioned at the bottom of the Product Purchase Receipt including taxes if required. One should not forget to enter the return policy of the purchase at the bottom or the back of the purchase receipts to evade any legal disputes in the future. One should prepare two copies of the Product Purchase Receipt, one for his own record and the other for the buyer. Keep all the receipts in a file in order of the date and serial number so that getting the required data without wasting any time in the search is easy. The tax deduction policy should also be clear and supported by the tax laws of the state. It is also essential to satisfy potential customers or else they can file a case against the seller for wrong tax deductions.

One should not forget to place the logo of their business on the purchase receipt to make the receipt unique, promote business, and attract most customers. It is mandatory to have a Product Purchase Receipt for each transaction to maintain an accurate record of one’s purchase as well as cash registers.

The signatures of both parties, buyer and seller, are important. So, special space for them is to be provided on the receipt and two copies of the receipts are always made to maintain proper records. The original copy is given to the customer and the duplicate copy is kept by the seller.