Proof of payment

economic-dictionary

The proof of payment is a document that proves that a transaction has been carried out. The payer will make use of it in the event of any contingency to demonstrate that said payment has been made.

In the day-to-day life of adults, procedures and purchases are carried out that include proof of payment. This document certifies that we have or that a certain transaction has been carried out, and in the correct way.

Likewise, we must know that we are talking about a document used mainly in the professional world and in relation to the payment of taxes, fees or contributions. Having this document is necessary when we need to justify certain expenses in the pertinent declarations that natural or legal persons must make before the Administration.

In addition to this, it could be the case that an inspection was carried out on the subject in question. At this time, we should or should demonstrate, through this proof of payment, that we have complied with the obligations or that we have incurred the expenses that, on the other hand, we have declared.

Characteristics of a proof of payment

Proof of payment are very common documents. These have different shapes and designs. However, all must comply with a series of generic requirements regardless of the legislation of the country in which they were issued.

First, you must clearly include the amount of the transaction in monetary units. If, on the contrary, it is a payment in kind, you must specify the amount of the good or service in question.

Second, it is also important that you include the date the procedure was completed. In the case of the purchase of products with a guarantee or right of return, it is essential to know when the purchase was made to know if it is within the time limits established by law.

Along with this, the concept of the operation is also an important piece of information that must be reflected. The objective is to be able to associate it with a certain transaction and avoid confusion. Sometimes it is also important to include the data of the collector and the data of the payer, so that the information is even clearer. These data are usually included when operations between legal persons are carried out.

Specifically, all proof of payment must include the information required so that, in the event that a problem occurs with the operation, the collector can act accordingly.

In conclusion, a proof of payment is a document issued by the receiver or intermediary in an economic transaction, which guarantees the payment of a certain economic amount or in kind for a certain good or service. Said proof must collect all the information regarding the operation carried out.

Tags:  administration Spain history 

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