![]() read more or payment has a defined category mentioned in this field. The original copy of this receipt is given to the customer, while the seller keeps the other copy for accounting purposes. #6 – CategoryĮvery cash receipt Cash Receipt A cash receipt is a small document that works as evidence that the amount of cash received during a transaction involves transferring cash or cash equivalent. The description should be short, precise, and explanatory enough for the user to understand the nature of the transaction that took place using the checks. One must populate this field in case of both incoming and outgoing checks. For example, your description could be sales, expenses, or any other business or personal income Personal Income Personal income refers to the total earnings of the individuals and households of a nation through multiple sources such as salary, wages, business profits, bonus, investment returns, dividends, rental receipts, employer contribution in provident or pension funds, etc. This field is vital as it elaborates on the nature of transactions through checks. The user puts in the name of the issuing party of the check and leaves the field blank if he enters the details of outgoing checks. ![]() This field is specifically relevant for incoming checks. The user must leave the field blank for outgoing checks. For example, if a third party has issued a check from his account in XYZ Bank while the user has his account in ABC Bank, the user will put XYZ Bank in this column. When the user puts in details of checks received, it will populate this field with the name of the bank to which the check belongs. This field is irrelevant when the user puts in details of the checks he has issued from his account. The user must input the check number from checks received or paid out in the field. It is also a structured way to track all the checks in one place. Keeping track of the check number is extremely important while maintaining a checkbook register template because, without the unique identity of the check, it will be a little challenging to track the check if it is lost, damaged, or stolen. A check number is a unique identification of every leaf in a checkbook, and the bank keeps a record of which check numbers are issued to which customers. The user must enter the check number for incoming and outgoing checks in this field. A self-explanatory field where the user will enter the date in the desired format #2 – Check No
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