Includes very specific details about a product.However, a bill of sale is unique in that it: Bills of sale are commonly used between buyers and sellers for cars or boats. Similar to a receipt, a bill of sale records the details of a transaction. You can then keep the receipt and use it for tax or accounting purposes. For example, if you buy a new computer for your business, you’ll be issued a receipt for the purchase. What’s the difference between a receipt and a bill of sale?Ī receipt is a digital or physical document that says a customer has paid for a product or service. Learn more about which one to use and why. Regardless of whether the sale is public or private, it’s important to keep accurate records - and get signatures where appropriate. Individuals and businesses use receipts and bill of sale documents to record the details of a purchase. Depending on the type of transaction, you may need a bill of sale or a receipt detailing the purchase.
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