A payment receipt template is a small sheet of paper generated by a business while receiving the payments. This receipt will officially verify that the payment from a client has been received on a specific date under the exchange of money for goods or services. Being a business document, a payment receipt is sent with product delivery to ensure that the seller has revived the payments made by the purchaser. This receipt is a simple document that includes the following information, like sold goods, name of the seller, and name of the buyer, amount paid, mode of payment, date of payment, and lastly, signatures of both parties. Going further, a payment receipt is sometimes prepared by individuals who purchase goods or commodities at the grocery store or services from businesses. Similarly, businesses also get proof of their sales which helps them in keeping their sales record and reconciliation. Benefits of Payment Receipt: A payment receipt is beneficial for both the customer and the business as it lets the customer know that their payment has been received. It doesn’t matter whether the payment is paid in full, or still pending. Moreover, the payment receipt is used for those customers who want