What is a Payment Receipt?
A legitimate business doesn’t put a foot forward without acknowledging the payment from the customer with the help of a payment receipt.
It offers a record of the transaction, lowering the possibility of disagreements. Just spare a moment to pull the receipt from your files to demonstrate the amount, payment date, balance, and proof that the transaction occurred to a customer who doubts the transaction.
Apart from that, it guarantees a customer regarding product return and refund, which is a wonderfully professional way to earn customers’ trust and retain them.
How important is a Payment Receipt?
As said before, if you want to gain the trust of your customer base, you must keep the receipts, as they might indulge in further negotiation. However, the importance of payment receipt is way more than that.
Below is a point that will demonstrate how important it is to generate payment receipts and distribute them at the point of sale.
- Tackling the Customers: A payment receipt represents the transaction's record, making it less likely that there will be a dispute. If a customer has questions about the transaction, you can pull out the receipt to show them the amount, payment date, current balance, and confirmation that the transaction happened. Also, if a customer doesn't have a sales receipt, likely, they never paid off their balance.
- Payment Information and Assurance: The best way to speed up payment for business owners and independent contractors is to include payment instructions and a reasonably expected payment schedule. There is a higher likelihood that customers will pay their bills immediately if given a clear timetable outlining payment terms.
- Installment Payments’ proof: A receipt assists your client in monitoring their progress for installment payments. Each receipt verifies the payment and displays the customer's outstanding amount, so you know how much they owe you. With a transparent payment history, you will reduce the likelihood of a customer paying twice or submitting the incorrect amount.
- Professionalism Booster: You never know how much professionalism your business might kick into if you start the practice of distributing receipts at every point of sale. The business logo at the top, a 'Thank you' message at the bottom, and the precise calculation give clear signals to the customer about how much you care for them. Professionalism deals with caring about customers' welfare and staying careful regarding return and refund policies.
- Business Name
- Date and Time.
- Business Logo
- Address and Location
- Receipt ID number
- Business Fax Number and Email Address
- List of purchased items or services
- Price per item or service received
- Total amount
- Payment method
- SKU (if applicable)
- ‘Thank you’ message
Elements of a Payment Receipt
A payment receipt is in general, straightforward in look and very easy in making. Below are some common elements that you usually see in a payment receipt.
Receiptmakerly – Platform to Generate Premium Quality Payment Receipts
If you are searching for a platform to generate premium quality payment receipts for your business, then, Receiptmakerly is a wonderful place to start generating receipts as per your necessity and imagination.
It is an online platform that allows you to produce a range of receipt types, which is crucial for any business that wants to set itself apart from the competition and satisfy its customers. It is a professional receipt generator that allows you to create receipts that look sophisticated and comes with more than 50 different templates to choose from.
Receiptmakerly is helping businesses to create these receipts and keep a printed copy of them by downloading them in PDF or PNG format. While you put all the information in detail, you will be allowed to see a preview of the receipts, which will help you get insights into how to improve or beautify it further.
Features of Receiptmakerly
While choosing Receiptmakerly as your premium receipt maker, we can leverage the following features to your benefit.
Aesthetic fonts to beautify the receipts:
With the help of the many eye-catching fonts Receiptmakerly offers, you can give your receipts the aesthetic appeal you desire and make them appear more professional.
19 different currency options to choose from:
Receiptmakerly has over 19 different currency options, which makes working with international customers a breeze. You can select the currencies, and Receiptmakerly will carry out the computation automatically.
More than 50 customizable templates:
With Receiptmakerly, you may use any customizable templates for your business. There are more than 50 free premium templates available including templates for payment receipts. You can select and alter the templates to suit your requirements. You may rapidly produce receipts to save time if you have customizable receipt templates.
Calculating different types of Tax:
There are many different kinds of taxes from which one can choose. There are numerous possible types of taxes, including TAX, VAT, Sales tax, Service tax, IVA, PST, CGST, SGST, TPV, TPQ, SAR, and GST. You can choose which of these tax categories to apply, then use the percentage corresponding to that choice. Receiptmakerly will perform the tax calculation for you in an automatic manner.
Taxi receipts with exact location shown in the receipt:
Typically, taxi receipts provide a spot for the consumer to indicate the location. Enter the site's name, and the receipt generator will automatically incorporate it into the document.
Printing receipt after downloading:
You can print all types of receipts including payment receipts after they have been generated by downloading the file in the image and PDF formats. You can do this to keep the receipts for later use. You can also edit your prepared receipt once it has been generated.
Get Started to Create Payment Receipt with Receiptmakerly
Suppose you’re going to run a supermarket that will get a bunch of customers every day who’ll buy several items. So, you will be running a business that would transact a handsome amount of money daily. However, you will run a risk of selling faulty products unintentionally, which will be detrimental to your vendor profile.
Considering all these things, you should start generating, distributing, and keeping receipts, which can be done via Receiptmakerly.
Here we will show you how to do this with a step-by-step guide.
- Step 1: Choose the plan that is suitable for your service business and create an account on Receiptmakerly.
- Step 2: Log in to your account once you've finished the sign-up procedure to access your account.
- Step 3: Find the ‘Grocery Receipts’ which is a type of payment receipt from the Dropdown of ‘Choose Category’. Let us select number 15 which is Grocery-BigBox Store.
- Step 4: Clicking on the template, you will find the ‘customize’ option and ‘preview’ part side by side.
- Step 5: Enter the necessary information for the receipts. Add items and their details.
- Step 6: To view the receipt preview, click "Generate Receipt." The preview will display the total computation based on your provided item details.
- Step 7: Click on the ‘Download’ button at the top right corner. The receipt can be printed and distributed now.
Using Receiptmakerly, many other receipts like this one may be generated for you, which is just one example. It couldn't be easier to understand.
You can generate a wide range of receipts for your business with the help of Receiptmakerly. Make use of it to learn more and give your company the air of professionalism it so desperately needs.