What must a receipt include?
Using our platform, you can create a professional receipt with the following components:
Basic Components:
Bill to – The buyer’s name and address.
Receipt number – A unique identifier for recordkeeping.
Date – The day the receipt is issued.
Description – Text describing what was purchased.
Amount – The total amount received.
Advanced Components:
Receipts can also include:
Ship to – The delivery address, if different from billing.
Purchase Order (P.O.) – Internal reference provided by the buyer.
Due date – Usually not applicable for receipts, but can be used if linked to delayed payments.
Quantity – Number of units paid for.
Unit price – Cost per item or service.
A receipt is not the same as an invoice. It is issued after payment, while invoices are sent before payment.
When and why is it used?
Receipts are issued:
After a payment has been received in full.
As a legal record for both the seller and the buyer.
For tracking income and reconciling transactions in accounting.
To support warranty claims, returns, or reimbursements.
Receipts are essential in both B2C and B2B environments, particularly in retail, e-commerce, services, and subscription billing.
