Updated August 03, 2023
An equipment sales receipt is a proof of purchase document for the sale of equipment between two (2) parties and may be applied to the sale of any office, home, professional, or outdoor equipment. In many cases, equipment will be sold as-is, therefore a sales receipt is generally only useful only as a proof of payment if the buyer will be claiming the purchase as a tax-deductible expense. For the purchase of large machinery, the buyer should ensure that the equipment title is legally transferred over to them when they make their purchase.
Equipment Bill of Sale – This document is used to formalize the transfer of ownership for a piece of equipment form one (1) party to another.