Whenever it is required to keep the record of the deposits, the deposit receipt is used. In a business world, there is no better option than the deposit receipt when it comes to maintaining the record of the cash inflow. The business can use this document to get the details of every individual cash deposit.
A deposit receipt is a record that the customer has made a payment for a purchase or in advance for any service. It is typically used in banks and leading financial institutions. The deposit is an amount that is fore paid for a service, hospital, hotel, booking of purchase, payment for rent deed and banks, etc.
Deposit receipts are printed as a duplicate so both parties can keep a copy of the receipt. Also, there are terms and conditions written in detail at the footnote of the receipt or the back side of the receipt.
A very generic deposit slip just gives information about both parties involved in the process resulting in the receipt. Along with the amount of the deposit paid and the purpose of the deposit. But a bank cash deposit receipt is much elaborate and detailed. It holds the following information:
- The logo and name of the bank
- The branch code
- Applicants name
- Account number
- Address of the applicant
- Reason for transaction
- Contact number
- The amount of deposit
- The name of the person whose account is deposited
- Account number of the receiving party
- Receipt number
- If the deposit is through cheque then cheque number
- If the deposit is through demand draft then the DD number
The deposit receipt is stamped and signed by the person receiving the amount. The templates available for deposit receipts can be selected on the basis of the reason you want the deposit receipt. Whether you are a financial institution or just renting your property will determine what you choose.
Preview and details of the template
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License: ENERGY (Personal use only)
(Distribution) by Kate Elizabeth(CEO)
The deposit receipt template is available to be used in an easy to use format. There are many formats in which the template is available. Apart from formats, there are plenty of designs in which the templates have been created. The user can choose the design what appeals to them the most. In these templates, the user can add the details of his choice mainly the name of the person depositing the money and his account number.
What should be included in the deposit receipt?
It is important for a business to create a clean and easy to understand deposit receipt. It is also important to add those details to the template which are relevant to the depositor. Some of the common details are:
- Name and contact details of the company
- Name and contact details of the depositor
- Total amount deposited by the depositor
- The date on which the money is deposited
The template is a platform where the user gets a sample of the receipt. The user can also fill in the empty fields mentioned in the deposit receipt to save his time. Users who don’t find the template to be much relevant to them can modify it by adding the details of their choice.
What are the benefits of using deposit receipt?
The deposit receipt comes with plenty of benefits which is the reason it is preferred by most of the people who need to document the cash deposits.
- The deposit receipt serves as proof that the money has been deposited by the depositor
- Businesses use this receipt to check the total cash received at the closing of the month
- The deposit receipt is required to be shown while paying taxes in some cases.