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Tip: International Revenue Service (IRS) advocates that a receipt should be kept for not less than three years. It is therefore vital that the landlord issues the tenants with rent receipts upon every rent payment to avoid legal complexities.ĭue to the stated reasons, business owners should always issue receipts after every transaction is done. In some states, tenants can use rent receipts to obtain government assistance or financial help. For example, a landlord uses a receipt to document rent transactions between them and their tenants and uses the receipts to keep track of their income to pay taxes. Other receipts, such as rent receipts, can be used as evidence of the landlord’s income during the tax payment period. Purchase and sales receipts can be used as a model of record-keeping for businesses. The transaction date, the amount paid, the purpose for the payment, and the name of the person who makes the payment is documented in the receipt.

Once the MS Word Receipt Template Software is downloaded click on it to start the setup process (assuming you are on a desktop computer).This will start the download from the website of the developer.