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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 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 details of the transaction underlying the receipt can be entered somewhat freeform.
Here, name and address information for each party will be entered first, then the type of Receipt will be chosen. 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 should be kept with both parties, with the original going to the individual who did not sign it.
Under the Internal Revenue Code, specific requirements apply to Receipts, especially for 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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