Learn what an acknowledgement receipt is and how to create one for your business (with a template and two examples). Illinois Free Receipt Template.If you need a written record of a transaction then use a receipt to outline the details of the purchase. Edit, sign, and share electronic acknowledgement receipt online. No need to install software, just go to DocHub, and sign up instantly and for free. We are acknowledging receipt of your application on (date of receipt). The taking of an acknowledgment consists of positively identifying the signer of a document. Next, provide the name and signature of the person acknowledging receipt. This document is a receipt acknowledging payment received from an individual or entity. Businesses may use formal documents to verify that their employees or customers have received an item, form or message.