Receipt

Receipt

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 to the property obtained in the exchange.

Printed

[
NJ.] In English speaking countries the term most frequently applies to the printed record given to a customer at checkout that lists the purchases made, the total amount of the transaction including taxes, discounts and other adjustments, the amount paid and the method of payment. Increasingly, these receipts may also include messages from the retailer, 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 on rolls of narrow paper tape, although dot-matrix technology is also used. Fact|date=January 2008 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 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 service providers such as Shoeboxed or allEtronic.

Related industries

Organizing receipts and similar financial documents is a multi-million dollar industry in the United States. Companies like Shoeboxed.com and ReceiptWallet produce desktop and online software to organize electronic receipts; others like allEtronic organize receipts sent digitally from point of sale devices to consumers.

ee also

* Invoice
* Cash register
* return receipt
* Biometric passport


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Look at other dictionaries:

  • receipt — re·ceipt /ri sēt/ n 1: the act, process, or fact of taking possession 2: something (as income) received usu. used in pl. 3: a writing acknowledging the receiving of goods or money Merriam Webster’s Dictionary of Law. Merriam Webster …   Law dictionary

  • Receipt — Re*ceipt (r[ e]*s[=e]t ), n. [OE. receite, OF. recete, recepte, F. recette, fr. L. recipere, receptum, to receive. See {Receive}.] 1. The act of receiving; reception. At the receipt of your letter. Shak. [1913 Webster] 2. Reception, as an act of… …   The Collaborative International Dictionary of English

  • Receipt — Re*ceipt , v. t. [imp. & p. p. {Receipted}; p. pr. & vb. n. {Receipting}.] 1. To give a receipt for; as, to receipt goods delivered by a sheriff. [1913 Webster] 2. To put a receipt on, as by writing or stamping; as, to receipt a bill. [1913… …   The Collaborative International Dictionary of English

  • receipt — n 1 *reception 2 Receipt, recipe, prescription are comparable when they mean a formula or set of directions for the compounding of ingredients especially in cookery and medicine. Receipt is often employed as a designation of a formula for making… …   New Dictionary of Synonyms

  • receipt — receipt, recipe In current English the meanings of these two words are distinct and cause no difficulty, but readers of Victorian or earlier literature should bear in mind that a receipt could then be what we now know as recipe (‘a formula and… …   Modern English usage

  • receipt — [ri sēt′] n. [altered (infl. by L) < ME receite < Anglo Fr, for OFr recete < ML recepta < L, fem. of receptus, pp. of recipere: see RECEIVE] 1. old fashioned var. of RECIPE 2. a receiving or being received 3. a written acknowledgment… …   English World dictionary

  • Receipt — Re*ceipt , v. i. To give a receipt, as for money paid. [1913 Webster] …   The Collaborative International Dictionary of English

  • receipt — (n.) late 14c., statement of ingredients in a potion or medicine, from Anglo Fr. or O.N.Fr. receite receipt, recipe (c.1300), altered (by influence of receit he receives, from V.L. *recipit) from O.Fr. recete, from L. recepta received, fem. pp.… …   Etymology dictionary

  • receipt — [n1] acknowledgment of delivery cancellation, certificate, chit, counterfoil, declaration, discharge, letter, notice, proof of purchase, quittance, release, sales slip, slip, stub, voucher; concepts 271,332 receipt [n2] delivery of goods… …   New thesaurus

  • receipt — ► NOUN 1) the action of receiving something or the fact of its being received. 2) a written acknowledgement of receiving something. 3) (receipts) an amount of money received over a period by an organization. ORIGIN Old French receite, from Latin… …   English terms dictionary

  • receipt — a written acknowledgement of having received money or goods specified Also statement Euroclear Clearing and Settlement glossary A detailed summary of an account. Euroclear Clearing and Settlement glossary See deposit receipt, withdrawal receipt.… …   Financial and business terms

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