All Topics  
Receipt

 
Receipt

 
   Email Print
   Bookmark   Link
 

 

Receipt
 
 
  Topics Receipt Topic Home

A receipt is a written acknowledgement that a specified article or sum of money has been received as an exchange for goods or services. The receipt acts as the title
Title (property)

Title is a law term for a bundle of rights in a piece of Possession in which a party may own either a legal interest or an Equitable_interest The rights in the bundle may be separated and held by different parties....
 to the property obtained in the exchange.

Printed
In English speaking countries the term most frequently applies to the printed record given to a customer at checkout
Point of sale

Point of sale or point of service can mean a retailing, a checkout counter in a shop, or the location where a financial transaction occurs....
 that lists the purchases made, the total amount of the transaction
Financial transaction

Financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. In accounting, it is recognized by an entry in the books of account....
 including tax
Tax

To tax is to impose a financial charge or other levy upon an individual or Legal person by a state or the functional equivalent of a state.Taxes are also imposed by many subnational entity....
es, discounts
Discounts and allowances

Discounts and allowances are reductions to a basic price of goods or services. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price , the retail price , or the list price ....
 and other adjustments, the amount paid and the method of payment
Payment

A payment is the transfer of wealth from one Party to another. A payment is usually made in exchange for the provision of good , Service s or both, or to fulfill a legal obligation....
.






Discussion
Ask a question about 'Receipt'
Start a new discussion about 'Receipt'
Answer questions from other users
Full Discussion Forum



Encyclopedia


A receipt is a written acknowledgement that a specified article or sum of money has been received as an exchange for goods or services. The receipt acts as the title
Title (property)

Title is a law term for a bundle of rights in a piece of Possession in which a party may own either a legal interest or an Equitable_interest The rights in the bundle may be separated and held by different parties....
 to the property obtained in the exchange.

Printed


In English speaking countries the term most frequently applies to the printed record given to a customer at checkout
Point of sale

Point of sale or point of service can mean a retailing, a checkout counter in a shop, or the location where a financial transaction occurs....
 that lists the purchases made, the total amount of the transaction
Financial transaction

Financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. In accounting, it is recognized by an entry in the books of account....
 including tax
Tax

To tax is to impose a financial charge or other levy upon an individual or Legal person by a state or the functional equivalent of a state.Taxes are also imposed by many subnational entity....
es, discounts
Discounts and allowances

Discounts and allowances are reductions to a basic price of goods or services. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price , the retail price , or the list price ....
 and other adjustments, the amount paid and the method of payment
Payment

A payment is the transfer of wealth from one Party to another. A payment is usually made in exchange for the provision of good , Service s or both, or to fulfill a legal obligation....
. Increasingly, these receipts may also include messages from the retailer, warranty
Warranty

In commercial and consumer transactions, a warranty is an obligation or guarantee that an Article or Service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty....
 or return details, special offers, advertisements or coupons. Receipts may also be provided for non-retail operations such as banking transactions.

Printed receipts are usually produced by thermal printing
Thermal printer

A thermal printer produces a printed image by selectively heating coated thermochromic paper, or thermal paper as it is commonly known, when the paper passes over the thermal Computer printer....
 on rolls of narrow paper tape, although dot-matrix technology is also used. Recent innovations have led to multi-colored thermal printing technology and the ability to print double-sided receipts.

Gift receipts

Receipts may be presented as proof of a transaction for the purpose of exchanging or returning merchandise. Some retailers provide special "gift receipts" specifically for this purpose. Unlike a standard purchase receipt, the gift receipt omits certain information, most notably the price that was paid for an item. The receipt usually has a barcode
Barcode

A bar code is an optical machine-readable representation of data. Originally, bar codes represented data in the widths and the spacings of parallel lines and may be referred to as linear or 1D barcodes or symbologies....
 along the bottom so that the retailer can call up the transaction information from a database of previous purchases, thus authenticating a return.

Non-printed

Hand-written or hand-completed receipts are more often used for infrequent or irregular transactions, or for transactions conducted in the absence of a terminal, cash register or point of sale (for example, as provided by a landlord to a tenant for receipt of rent money.)

Electronic

Electronic receipts (sometimes abbreviated e-receipts) are frequently rendered for transactions made online or through other electronic media. They may take the form of emails or of dynamically-generated web pages that users can save or print. In addition to the normal transactional data, electronic receipts often contain hyperlinks to the seller's website or to pages describing the items purchased.

Some "brick and mortar" retailers provide customers with digital receipts via email, or through third-party service providers.

Related industries

Organizing receipts and similar financial documents is a multi-million dollar industry in the United States. Consumers can use desktop and online software to organize electronic receipts; sometimes, receipts are sent digitally from point of sale devices to consumers.

See also

  • Invoice
    Invoice

    An invoice or bill is a Commerce document issued by a sales to the buyer, indicating the product s, quantities, and agreed prices for products or Service s the seller has provided the buyer....
  • Cash register
    Cash register

    A cash register is a mechanical or electronic device for calculating and recording sales transactions, and an attached cash drawer for storing currency....
  • return receipt
    Return receipt

    A return receipt is a mail document confirming the arrival of a message or parcel at its intended destination. Internationally, the service is known as avis de r?ception , but in some English-speaking countries, acknowledgement of receipt is used....
  • Biometric passport
    Biometric passport

    File:Map of countries with biometric passports.svgA biometric passport is a combined paper and electronic identity document that uses biometrics to authenticate the identity of travelers....