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Thread: Writing Cheque Receipt?

  1. #1

    Default Writing Cheque Receipt?

    Anyone knows the proper way of writing a receipt when receiving the cheque for proving photography services? thx in advance!

  2. #2

    Default Re: Writing Cheque Receipt?

    Once you banked in the cheque and it is cleared. the record therein is suifficient proof of payment receipt. On the payer side,
    the bank has record of his payment. Both records are admissible in court as proof of payment and receipt. It is therefore not
    necessary to issue a receipt for the cheque payment.

  3. #3
    Senior Member
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    Default Re: Writing Cheque Receipt?

    You cannot issue receipt because the cheque may bounce. It is not cash.

  4. #4

    Default Re: Writing Cheque Receipt?

    Quote Originally Posted by henry soh View Post
    Once you banked in the cheque and it is cleared. the record therein is suifficient proof of payment receipt. On the payer side,
    the bank has record of his payment. Both records are admissible in court as proof of payment and receipt. It is therefore not
    necessary to issue a receipt for the cheque payment.

    but the payer wants a receipt when he issued the cheque...so i'm abit puzzled. so i just want to produce a simple receipt..

  5. #5

    Default Re: Writing Cheque Receipt?

    Quote Originally Posted by ricohflex View Post
    You cannot issue receipt because the cheque may bounce. It is not cash.
    hmmm true.....very confused now..

  6. #6

    Default Re: Writing Cheque Receipt?

    A receipt is just a receipt, a record/acknowledgement of receipt of payment in cash or by cheque. In the past, receipts were issued for both cheques & cash since accounting systems were very much paper-based & receipts were the source for data entry/transaction posting. Now receipts are issued automatically by computerised system, as after-process output, after the transactions have already been captured & paid in a system e.g. bar code scanned/payment by Nets, credit cards etc. As Henry Soh correctly explained, receipts are not necessary for cheques as clear easily retrievable audit trails & evidences are available in modern banking system.

    Nevertheless, some people still ask for receipts for cheque payments, out of habit (particularly for the older generation), or because the physical paper on hand provide some assurance in event of disputes or for the purpose of claiming reimbursement from a employer or another person for whom the expense is incurred. This is often the case especially if an invoice has not been issued for services provided & the receipt then provide the necessary info/details.

    You can buy standard formatted Official Receipts from stationery stores. Just fill up the pertinent details of date, name ("Received from"), amount in figures & in words, details of the payments including references if any (under "In payment for") e.g. wedding photography services provided on (date) invoice no XXX, name of person issuing the receipt & a company stamp if issued on behalf of a corporation. The bank, cheque number should be stated for cheque payment e.g. DBS XXXXXX. Some Official Receipts have the words cash/cheque printed & you just need to strike it off accordingly. Then sign the receipt.

    Hope this help.

    Quote Originally Posted by ricohflex View Post
    You cannot issue receipt because the cheque may bounce. It is not cash.
    This is incorrect.
    Last edited by s1221ljc; 16th December 2011 at 02:15 AM.

  7. #7
    Moderator ed9119's Avatar
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    Default Re: Writing Cheque Receipt?

    just type out an acknowledgement note that $$$ was received on which date and sign it

    or go to stationary store and buy a book of reciepts
    shaddap and just shoot .... up close
    Walkeast

  8. #8

    Default Re: Writing Cheque Receipt?

    If your client is asking for a receipt, obviously he is expecting to deal with a registered business or company. For that matter, read IRAS guideline below on recording keeping (receipt is part of it) for self-employed. Best is get familiar with local regulation if interested in running a biz.

    For sole-proprietors/self-employed

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