The first inclusion in the body of the receipt is the name and address of the person making the payment. Make sure to include the name and address exactly as it appears in the agreement, invoice, bill or any other document based on which the payment bases itself. When writing down the address, make sure to include the city, state, and zip code. A post box number may also be included.
The second element in the body is the amount. Mention the amount in both figures and words to remove all scope of ambiguity. Mention the mode of payment, cash, check, bank check, money order, electronic transfer, or any other means in the space provided. Mention details such as check number, date of check, or other similar details. Mention the date of payment if it differs from the date of issue of receipt.
Indicate whether the payment is a full payment, partial payment, or installment option as relevant. This is an optional feature and many receipts do not have this option, with the mention of partial payment or installments forming part of the description. If payment is in installments, specify the installment number and the total number of installments in the space provided.
The next element in the body of the receipt is the description. This is a very important part of the receipt. The more comprehensive and exact the description, the lesser the scope for ambiguity, and disputes later on. Make sure to write a comprehensive description of the nature of work for which the payment is made, the timeline of deliverables in payment is received in advance, the inclusions and exclusions of the contract, and any other relevant details.
Specifying the payment is for a specific invoice or bill is a good practice that lends clarity to the receipt, but is nevertheless an optional feature.