Acknowledgement Of Payment Receipt

An acknowledgement of payment receipt is a business document of verification that serves as a formal acceptance of the payment that is usually made by the customer, tenant of client. Generally it is a documented verification that goods have been received or services that have been provided. The acknowledgement is determined by the recipient’s signature on an invoice or a billing of lading. This receipt can be used as submit fee, paid check or cash amount for any personal or official purpose. This receipt is also very useful in case if you are receiving donation amounts in the form of cash.

Generally this acknowledgement receipt is prepared by any of the following such as business owner, landlord, moneylender, sales manager or sales associate individuals. Basically you can use this document if you want to provide a written proof that you have received money from an individual or organization and you can use this receipt if you want to obtain proof for someone’s that you have given money to an individual or organization. Here are some basic components of this receipt such as heading of payment receipt, provide the information of the individual receiving the payment, the information of the payer, the statement of the received payment, other related information, total amount and signature.

An acknowledgment of payment receipt is a written appreciation that the money, property or anything of value has been received as well as this receipt also generates a record and proof of the transaction. These documents also play an important role to prevent any disputes or misconception about the detail of the transaction. Generally this document can be used for any kind of payment that is received from the clients, suppliers, customers and business partners. These receipts are also very crucial when the market analysts prepare a business program that aims to enhance the sales as well as profit.

Basically these receipts help the business owner to keep track of their business transactions along customers or clients details. Therefore it is an easier way for any business account to conduct their audit of their business profits, losses and other essential information. Here are some basic steps that will guide you on how to write an acknowledgement receipt effectively as well as professionally such as first use your business letterhead to convey a professional, identify the basic objective of the document, address the document to the proper person or organization, be sincere, timely acknowledgement, be polite, proofreading, be concise and choose a formal closing for your document.

Generally this receipt not only help the business owner on other hand it also helps the customers and serves as a legal document to support tax claims and firm evidence of payment. The acknowledgement receipt considered one of the most crucial documents because they are serves as an evidence that you have done some business transaction with other party at a specific date and time. You can also state here other information that relates to the transaction that resulted to such a payment. This receipt state that how much is the total amount of payment you have received.

These receipts can serve as a hard evidence of a payment which in turn deprive the possibility of the business owner to make legal claims regarding nonpayment. This document also helps the customer in case if they want a refund for damaged products. These documents spell out all necessary information and convey them into short yet detailed paragraph as well as ensure that all your thoughts are conveyed perfectly. Some basic benefits of keeping these receipts such as they convey information in a professional manner, expand markets, maintain the secrecy, building in a good will, help in maintain records, lowest cost, prevent from conflicts and conclude transactions in an organized way.

8 Steps to Becoming an Accredited Bookkeeper

Every business requires a bookkeeper. For small businesses, proprietors themselves act as bookkeepers. But, for large businesses, you need a more skilled, especially dedicated bookkeeper. If you run a company or mid-range industry, you will have to employ a staff of bookkeepers.

Who are the bookkeepers?

What do they do?

And, how can you be one?

In this article, I answered all these questions and discussed steps to becoming an accredited bookkeeper.

Let’s explore:

Who Is a Bookkeeper?

Bookkeepers keep track of financial records for businesses, organizations and companies. Bookkeepers are tasked with tracking all the money invested in a business. By keeping accounts, bookkeepers determine whether the business is making a profit.

What Does a Bookkeeper Do?

Bookkeepers handle a number of tasks. They are responsible for managing payroll, handling loans and preparing tax returns.

Here’s what a bookkeeper usually does:

· A bookkeeper handles all financial statements, including debts, expenditures, accounts payable, and receivable, receipts and profits

· A bookkeeper makes sure financial statements are audited and updated on a regular basis

· A bookkeeper is a traveler who may have to work for multiple concerns

· Most importantly, a bookkeeper keeps track of all financial accounts for companies

How can you become a bookkeeper?

Lucrative salary, tricks with numbers and a range of managerial tasks keep attracting many young people to this profession. The US Bureau of Labor Statistics reported that the median salary for bookkeepers, accounting, and auditing clerks was $37,259 in May 2016.

8 Steps to Becoming a Bookkeeper

Step One

· Start Early from High School

If you want to be an accountant, you may start growing a dream of becoming one as early as possible. If your school offers relevant classes, take them. Basic classes will educate you on basic principles of bookkeeping. You may also learn how to use accounting software. Office skills, classes in keyboarding, math are also important.

Step Two

5 Steps On How To Make A Chocolate Cake

The chocolate cake is one of the most common types of cakes that you can easily make at home. The cool thing is that you can make the cake for almost any type of event.

Things that you need

For you to prepare the cake, you need the right ingredients. The ones that you need include:

· 2 saucepans

· 3 egg yolks

· Heat-safe bowl

· 2/3 cup butter, room temperature

· 2/3 cup boiling water

· Spatula

· 1 tsp. baking soda

· 1 tsp. baking powder

· 2 tsp. vanilla extract

· Whisk

· 2/3 cup sour cream

· Two cake pans

· Spatula

· 2 2/3 cup butter, room temperature

· 4 oz. unsweetened chocolate

· 2/3 cup boiling water

· 2/3 cup butter, room temperature

· 2 2/3 cup sugar

· Standing mixture with paddle attachment

How to make your chocolate cake

Step 1

Preheat an oven to 325 F and then fill a saucepan with water and bring it to boil. After turning off the heat, rest the bowl on the inside rim of the saucepan. You should be cautious when doing it. Ensure that you place the bowl just above the water height. This is to prevent the chocolate from overheating.

You should then boil water using a saucepan on the stove, and whisk the chocolate into it. To prevent the chocolate from seizing, ensure that the chocolate is still warm.

Step 2

Place butter and sugar into a mixing bowl and mix the two until it becomes fluffy and light. This process not only mixes the two, it also aids in aeration which is vital for the creation of a light and tender cake. To ensure that ingredients are incorporated evenly you should occasionally scrape down the bowl sides.

Step 3

Gradually add egg yolks and vanilla into the mixture and beat them until they are fully incorporated. The purpose of adding eggs is to prevent the batter from separating. Eggs at room temperature have been shown to result to a more cohesive batter. When you get a good mixture, beat in the melted chocolate.

Step 4

Sift all the dry ingredients. These include: salt, powder, flour, and soda. You should then add them together with sour cream into the batter. The best way of doing it is adding 1/3 of the dry ingredients and ½ of sour cream. You should repeat this process until all the sour cream and dry ingredients are evenly incorporated. The reason why you should gradually add the ingredients is to allow the batter to accept large liquid quantities that create a moister and delicious cake.

Step 5

Beat the battery until it gets smooth. When doing it be cautious that you don’t over-mix. You should then prepare the baking pans using pan spray and divide the batter evenly. Finally, bake your cake until it springs back to the touch.