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General Receipt Fill out the template

General Receipt

Last revision
Last revision 2 weeks ago
Formats
Formats Word and PDF
Size
Size 1 page
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About the template

Last revision: 2 weeks ago

Size: 1 page

Available formats: Word and PDF

Fill out the template

General Receipt

A General Receipt, often known as just a "Receipt," is a document by which one party can evidence that they received something from another party. Receipts are most often used in situations of sale, like a sale of goods or sale of services. They can also be used for documents and monetary transactions generally (such as the fulfillment of a debt or other obligation) as well as donations.

If a Rent Receipt is desired, that is a separate document available for download.

Receipts are generally pretty simple and only really need the basic information about the transaction between the parties.


How to use this document

This document can be used for any type of Receipt. The document is set up to assist the form-filler with the most common types of Receipts: Monetary Receipts, Document Receipts, Goods Receipts, Services Receipts, or Donation Receipts. If none of these are the correct categorization, the Receipt also has an option for "Other," whereby the form-filler can enter the details of the transaction.

Here, the form-filler will enter name and address information for each party and then choose the type of Receipt. From there, additional details will be asked about the transaction to help fill the receipt out.

Afterwards, it is a good idea to have the document signed by the individual accepting receipt - whether it is accepting receipt of money or documents or goods, etc. Then, ideally, a copy will be kept with both parties with the original going to the individual who did not sign it.


Applicable law

Under the Income Tax Act and Canada Revenue Agency's guidance, specific requirements apply to Donation Receipts. The Receipt must contain the name of the person receiving the money or items, the transaction date, a description of the items underlying the receipt, the amount paid if it was monetary, and how it was paid. Donation receipts also need to contain additional information about whether goods or services were exchanged for the donation.


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