In this instance, sellers should explain on the bill of sale what will and will not be provided or covered under the warranty, and for what period of time. In some cases, a seller may choose to offer a warranty as an incentive to buyers. When selling something as-is, it’s important to state so clearly on the bill of sale. This type of sale protects the seller from having to refund the buyer or repair the item if issues arise after the sale.
If you are selling a horse, you’ll need information about registration and breeding. For example, when selling a vehicle, you usually need to include the vehicle identification number (VIN) and odometer reading. Item Description: This may be simple or detailed, depending on the item for sale and state requirements.If you are trading items rather than selling them for cash, describe the transaction on the bill of sale with details about each of the items being exchanged. Payment: In addition to the price of the item for sale, document the form of payment and whether the final total includes sales tax.
Buyers may want to check a seller’s driver’s license or picture ID before handing over funds and signing the bill of sale to ensure they are buying from the person listed on the receipt. Seller and Buyer: It is common to include contact information for both seller and buyer, such as address and phone number, along with a driver’s license number.Here are some of the details usually included in a bill of sale: A document with that information is acceptable as a sales slip and proof of purchase, but other information may be needed, including whether the item is being sold as-is or with a warranty, the location of the property, or plans for delivery.
Download and print the customizable templates for Microsoft Word and Excel, Google Docs, and PDF formats.Īt its most basic, a bill of sale should include the transaction date, the item sold and its cost, and details about the seller and buyer, along with signatures.
You’ll also find a variety of free bill of sales templates for a range of items, including vehicles and motorcycles, businesses, equipment, and firearms. In this article, you’ll find more information on creating a bill of sale and legal considerations to keep in mind when using one. Both buyers and sellers may need a bill of sale for accounting, tax reporting, or insurance purposes. While the seller typically provides the document, both parties gain some protection from it: Buyers can retain a copy of the bill of sale as proof of purchase, payment, and ownership, and sellers can document the terms of the sale and the condition of the item. However, this type of documentation is generally not used when selling low-cost items, providing services, or for real estate purchases. A bill of sale can document the sale of personal property, tools, animals such as livestock or pets, and household furnishings or appliances. No-code required.Ī bill of sale is a type of sales receipt often used when an individual is selling an item that carries a high value, such as a used car, boat, or aircraft. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.