Receipt


Overview
- The Receipt is a written acknowledgement that some amount of money was paid or some item was delivered to someone else.
- A receipt is used whenever one party makes a payment to another or delivers something of value and desires evidence of that transaction.  A receipt does not reflect a transfer of legal ownership, merely a change in possession.  
- If title to personal property will be transferred, consider using the Business Attorney Bill of Sale or the Bill of Sale - Automobile.
- Most receipts confirm only the fact that cash was paid or an item delivered.  

When You Need It
- To create a record that money or an item of property was received.
- When payment is made in cash, the only proof the payer has is a written acknowledgment from the recipient.  Whenever you make or receive a cash payment, use this Receipt.


Getting Started

You will need:
- Name and address of the Recipient.
- The amount of money or the item received.
- Name and address of person making the payment or giving the item.
- Whether the amount paid represents payment in full or a partial payment.

When to Review and Revise 
- To correct the information contained in the receipt.
- To document another payment or transfer of an item.