In order to ensure the successful accomplishment of the task, many people or companies prefer hiring individuals who work on their behalf and supervise everything well. Such professional individuals are generally known as a contractor. The contractor provides the services and then gets paid in exchange for those services.
A contractor is a person or a company that helps you in your construction or renovation work. If you are a contractor or run a contracting company then you will be requiring a contractor receipt template.
A contractor receipt is a detail description of the materials used, purchased, labor handling and their respective charges. The contract is not just for construction and renovation but any job relating to tasks involved in the above. It can be plumbing and electric work or woodwork etc. the template is not just important for the record of the contractor but is more important for the person hiring him or his company.
If you are getting construction work done and hiring more than one contractor then these receipts can help you budget and plan your financials as well. The contractors can vary from painting, plumbing to wood works and floor works. The information that is displayed on the receipt is elaborate and detailed so no confusion is created about the work done.
The basic information is the name of the company, the name of the contractor, his contact information, name and contact information of the client, the description of the task assigned, the material used, the price of each material, the quantity of the materials used, the total amount of the material, the labor used , rate of labor per hour, the hours used by labor, the total amount of labor charges, the amount of service tax applicable, grand total and mode of payment.
Following is given a sample of contractor invoice. Hope this will help you in the business.
Preview and details of the template
File: OpenOffice (.ods) Calc [Cal] Size 16 Kb | Download
License: ENERGY (Personal use only)
(Distribution) by Kate Elizabeth(CEO)
Why is contractor service receipt important?
Different contractors perform different types of work such as heating, plumbing, painting and a lot more. There is a specific time period for which these contractors are assigned the work. They also have specific jobs to perform and the use of material for completing the work is also provided to them. In return, they issue a service receipt to their clients in order to formally tell about the cost of every service they have rendered.
What are main elements of the contractor receipt?
A contractor service receipt is always started from the name of the company and the contractor. The contact details of the contractor are also mentioned which can be used later by the client if he wants to get the services again. There is a need to mention the mode of payment to make it clear to the client about the preferable method of payment.
The contractor also mentions the list of all the services he provides. The material and tools purchased and used in order to complete the assigned work should also be mentioned in the receipt.
The contractor also gets paid for the time he invests in the provision of services through the contract or receipt. The total bill is mentioned at the end along with the signatures of the contractor. The signatures are important because they are an indication that the receipt has been issued by the legitimate person.
Contractor service receipt template?
If you are a contractor and you are in the need to issue the receipt to your clients almost daily, you can download the service receipt template for a better way of asking for the payment. A template is a useful tool for a contractor since it saves his time and also helps him in keeping track of the income, he makes in a month.