Receipts are sheets given to customers as a proof of purchase. Any company that uses a receipt follows a set of specific Receipt Form Guidelines which depends on the information they will include and the type of format for the document.

Besides physical goods and rendered services, receipts are also used for company assets and inventories. On top of that, filling out a receipt form should be done with adequate knowledge regarding the items that a client purchased and the accompanying amounts of prices for every line-item.

Capital Equipment Asset Receipt

Details
File Format
  • PDF

Size: 53 KB

Download

New Asset Receipt

Details
File Format
  • PDF

Size: 27 KB

Download

Fixed Asset Hand Receipt

Details
File Format
  • PDF

Size: 8 KB

Download

What Is an Asset Receipt Form?

Asset Receipt Forms are documents which indicate a person’s custody of a company asset, including his responsibility to take proper care with the asset. This form will also contain the details of the custodian, the description of the asset, the cost of purchasing the asset, and the asset acquisition dates.

It is necessary that when having an Asset Receipt, it should not be pre-filled, and must be a Blank Receipt Form in order to allow the custodian to state data about him and the asset.

How to Fill Out an Asset Receipt Form?

Filling out an Asset Receipt is similar to filling out any other receipts such as a Payment Receipt Form wherein you will have to line the items and their amounts. Listed below are the steps on how to fill out an asset receipt form:

Step 1: Read the terms and conditions on the receipt.
Step 2: Write your name and the current date on the spaces provided.
Step 3: Name the assets under your custody.
Step 4: Describe each asset.
Step 5: State the asset costs.
Step 6: Indicate the date in which the assets are issued.
Step 7: Include the date when the assets are expected to be returned.
Step 8: Sign the Asset Receipt Form.

Company Property Asset Receipt

Details
File Format
  • DOC

Size: 3 KB

Download

Sample Asset Receipt Form

Details
File Format
  • PDF

Size: 66 KB

Download

Asset Receipt Form in Doc

Details
File Format
  • DOC

Size: 18 KB

Download

Tips for Making Asset Receipt Forms

Making receipt forms should depend on the requirements and needs of the business and organization itself, such as having store-returns and methods of payments in a Sales Receipt Form, and the services rendered for a Service Receipt Form. So, keep these tips in mind as your basic guidelines in making a receipt for your assets.

  • Indicate the name of the company on the topmost area with the title of the document: “Asset Receipt Form”.
  • A placeholder for the name of the custodian should be after the title with the date of issuing the form.
  • A section for the Asset’s Descriptions should be enough to contain the technical and in-depth descriptions of the assets.
  • There should be an agreement which states that the custodian will be the person responsible for caring for the assets within the time period indicated on the form.
  • An authorized personnel is required to sign with the custodian to assure that the statements regarding the assets conditions and descriptions are true and correct.

Documenting purchases and transactions are two main purposes of having receipts. And with this, companies also require receipts from their employees who used the company’s allocated budget in spending for particular company products. The type of receipt for this transaction is a Petty Cash Receipt Form which is commonly for dealing with company accounting issues and concerns regarding the company’s expenditures.

Related Posts