If your business buys or sells goods for later delivery, you'll want to record the deal with a sales contract to minimize confusion and misunderstandings.

For instance, if you order six Macintosh computers for your ad agency, use a sales contract that sets forth the terms: the purchase price, delivery date, method of payment and so on.

This particular contract assumes the buyer will pay upon delivery, minus any down payment already paid.

Important to Know:

• If you want to create a contract in which the buyer will pay in installments, use "Sales Contract (Installment Payments)."
• Note that a sales contract doesn't complete a sale -- for that, you'll need a "Bill of Sale for Goods."