3 Differences Between A Cash Bill And Receipt
A bill and a receipt [ใบเสร็จรับเงิน, which is the term in Thai] are used in two completely different situations. A bill is presented when the money is in arrears, a receipt is given when the arrears are paid. In other words, a bill is a payment request, while a receipt is an acknowledgment of payment. You can give your store a more pro-looking look by not using the Excel form now for print receipts and tax invoices. You can print a receipt with the complete guideline by Page365 without using Excel form during delivery.
Definition of A Cash Bill And Receipt
Cash bills are used for purchases made on credit and receipts follow payments for goods or services. For example, when a customer pays for groceries, the clerk will aggregate the items and provide the customer with a receipt along with the payment.
Uses of A Cash Bill And Receipt
In business, a bill is commonly known as an invoice. The term net 30 days is commonly used in companies to imply that the total invoice will be paid within 30 days of purchasing the product or service. If the customer has made a large purchase, he may want to use credit and bill, but if for just one or two items, it may be preferred to keep a receipt for cash and proof of payment.
Features of A Cash Bill And Receipt
The total amount of all types of receipts refers to the amount paid. The total amount of each type of bill refers to the amount that is still outstanding unless an invoice is “payable” stamped. Instead of using the stamping or marking given on a bill, most businesses today indicate in a separate statement or in upcoming bills that previously outstanding money has been received.
Bills and receipts are two different things. Bill refers to the specific document requesting payment. Receipt refers to proof of payment made to you after payment of the bill.