Receipt for Goods to be Delivered

Here is a Sample Receipt for Goods to be Delivered to assist you quickly both in text as well as PDF format.

A receipt on account for goods to be delivered is issued when a buyer sends payment to a supplier before receiving the goods or sales invoice. This process helps ensure the timely delivery of ordered goods by eliminating complications and delays in payment. The supplier acknowledges the prepayment by providing a receipt to the buyer, confirming that the payment has been credited to the buyer’s account and will be applied to the forthcoming sales invoice once the goods are delivered.

Importance of Receipt on Account for Goods to be Delivered

1. Prepayment Security:
   • It provides the buyer with proof that their payment has been received and credited, ensuring transparency and trust.
2. Facilitates Timely Delivery:
   • Ensures that the supplier has received funds in advance, which can expedite the delivery process.
3. Record Keeping:
   • Helps both parties maintain accurate financial records and simplifies reconciliation once the goods are delivered and invoiced.

Key Elements to Include in Receipt on Account for Goods to be Delivered

1. Creditor Information:
   • Name of the buyer or the person who sent the money.
   • Name of the company that sent the money.
2. Recipient Information:
   • Name of the person who received the money.
   • Name of the company (supplier) who received the money.
3. Payment Details:
   • Amount of money received.
   • Mode of payment (check, cash, or account deposit).
4. Order Details:
   • Description of the goods or items to be delivered.
   • Date when the goods are expected to be delivered.
5. Receipt Reference:
   • Reference number of the receipt given to the buyer for the payment.
6. Authorization:
   • Signature of the accountant or authorized employee who received and recorded the payment.

Free Sample Receipt for Goods to be Delivered {PDF form}

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Sample Receipt on Account for Goods to be Delivered

Here’s a sample template for a receipt on account for goods to be delivered:

[Supplier’s Company Letterhead]

Receipt on Account for Goods to be Delivered

Receipt Number: [Receipt Reference Number]
Date: [Date]

Received From:

• Name of Buyer: [Buyer’s Full Name]
• Company: [Buyer’s Company Name]
• Address: [Buyer’s Address]
• City, State, ZIP Code: [City, State, ZIP Code]

Payment Details:

• Amount Received: [Amount Received]
• Mode of Payment: [Check/Cash/Account Deposit]
• Check Number (if applicable): [Check Number]

Order Details:

• Order Number: [Order Number]
• Description of Goods: [Description of Goods]
• Expected Delivery Date: [Expected Delivery Date]

Received By:

• Name: [Name of Recipient]
• Company: [Supplier’s Company Name]
• Address: [Supplier’s Address]
• City, State, ZIP Code: [City, State, ZIP Code]

Signature:

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[Name of Authorized Person]
[Title of Authorized Person]

By using this template, you can ensure that all necessary details are included in the receipt, providing clarity and documentation for both the buyer and the supplier.