The humble receipt is a long-standing tradition in the world of goods and services.
For thousands of years, people have been buying, selling, and jotting (or chiseling) down written receipts to prove an exchange of merchandise or money was made.
Since then, receipts have evolved into the paper and digital receipts we know today, and there are more types of receipts than you may think.
In this guide, we’ll be discussing 13 types of receipts and what they’re used for!
What is a receipt?
While paper receipts are still used, digital receipts are becoming more commonplace with the advancement and implementation of technology in businesses.
What are the different types of receipts?
There are endless ways that receipts can be used, but in this section, we’ll be covering the receipts that are the most inquired about.
Below is a list of 13 different types of receipts:
Bank transaction receipts
E-receipts and digital receipts
Credit card receipts
Carbon copy receipts
Without further ado, let’s dive into the types of receipts and their purposes!
1. Bank transaction receipts
Bank transaction receipts are receipts that detail transactions with a bank.
Whether you’re an individual or a business, bank transactions such as deposits, loan payments, or credit card transactions are recorded digitally or on paper.
Bank transaction receipts help banks and customers accurately track the money going in and coming out of the bank.
2. Transaction receipts
Transaction receipts are any receipts that indicate an exchange of money for merchandise was made. These receipts can be digital or printed and act as proof of purchase for customers, businesses, or employees.
Should a customer want to return the item they bought, a transaction receipt is needed to show the item that was purchased, when, and for how much.
Businesses keep transaction receipts for deductible business expenses, and employees can use transaction receipts to prove any business-related expenses were made.
3. E-receipts and digital receipts
Never lose a receipt again! E-receipts and digital receipts are sometimes used interchangeably, but these electronic receipts have slight differences.
E-receipts, or electronic receipts, are receipts that originate on a computer. Say you buy a piece of furniture online. Once the purchase is complete, you’ll be sent an e-receipt by email.
Digital receipts are also receipts that are sent electronically to your email, but they represent paper receipts.
For example, if you visit a clothing store and finish checking out, you’ll be given the option of a paper and digital receipt or just one or the other.
4. Purchase receipts
Purchase receipts are business-related and given when you pay for goods or services. For example, a carpenter would receive a purchase receipt from suppliers when he or she orders wood for a contract.
Purchase receipts typically include the date of the transaction, a description of the purchase, the payment method, and charges.
5. Reimbursement receipts
Reimbursement receipts are receipts used by employees as proof of purchasing business-related expenses out of pocket.
An employee can use a receipt to show their employer what was bought and how it was purchased in order to be reimbursed for what they spent of their personal money.
6. Paper receipts
Cash register tape receipts, or paper receipts, are printed directly at the register when you check out at a store.
Cash register receipts are old-school receipts and are great for those who cannot receive digital receipts.
Never lose a receipt again 📁
Join over 1 million businesses scanning receipts, creating expense reports, and reclaiming multiple hours every week—with Shoeboxed.✨Get Started Today
7. Business receipts
Business receipts are receipts that show a business transaction was made.
These receipts can prove business-to-business dealings or business expenses such as office supplies, maintenance, and any other necessary business purchases.
Business receipts can also be used for acceptable tax write-offs and prove where your money went if you’re ever subject to an audit.
8. Credit card receipts
A credit card receipt is a receipt that details a transaction that was made using a credit card. If you check out at a store using a credit card, you’ll receive a credit card receipt either by email or print.
9. Cash receipts
Whenever cash is used in a purchase, a cash receipt is printed as proof of payment.
Cash receipts will have a statement of the amount of cash received, the date of the purchase, and signatures to authenticate the transaction.
10. Handwritten receipts
A handwritten receipt is a receipt from a receipt book that is often given by service providers such as electricians or plumbers detailing the work done, on what day, and for how much.
Handwritten receipts will include the company name and contact information, the services and supplies used (and their cost), the subtotal, taxes, the grand total, and the payment method of the customer.
This short and simple video shows how to write receipts by hand:
11. Carbon copy receipts
Carbon copy receipts were receipts that had carbon paper on the back side. When you wrote on the receipt, the pen impressed your handwriting onto the carbon paper, creating a copy of the original receipt.
While they were commonly used in the hundred-year span of 1870 to 1980, carbon copy receipts are a rare sight in the modern world.
Invoices, though given to a customer before they receive a receipt, are considered the most common receipt type.
They detail the type of work or product purchased, the date of the purchase, the terms of payment, and the names of the buyer and seller.
Invoices are a type of receipt that can be used as a record of purchases for businesses and customers. One may make efficient use of an invoicing software to keep active track of all invoices of business.
13. Gross receipts
According to the IRS, “Gross receipts are the total amounts the organization received from all sources during for an annual revenue, without subtracting any costs or expenses.”
Essentially, gross receipts (also known as tax receipts) are an important part of reporting your income accurately to the Internal Revenue Service.
Your business’s gross receipts also determine whether or not your company is considered a small business under the law’s stipulations.
Turn receipts into data with Shoeboxed ✨
Try a systematic approach to receipt categories for tax time. 30-day full money-back guarantee!Get Started Today
Frequently asked questions
What are the 3 copies of a receipt?
The white copy, yellow copy, and blue copy. The white copy is the receipt given to the customer. The yellow receipt copy is given to the business office (such as the sales or finance department). The blue copy is meant to be kept in the business’s receipt book.
What is the most common type of receipt?
Invoices are the most common type of receipt and are written to acknowledge the request for goods or services provided. Invoices prove that an exchange of work or merchandise was made.
How do you categorize receipts?
Receipts should be categorized in chronological order with the oldest receipts in the back of your receipt organizer and the newest near the front. Some categories include the following:
• Home and assets
Business receipt categories may include the categories below:
• Company vehicles
• Employee expenses/payroll
• Office/workplace expenses
Keeping and storing your receipts in an organized way can help you maintain a record of transactions should they ever be called into question.
What kind of receipts can I use for taxes?
If you run a small business, there are a few receipts you can keep for tax write-offs.
Acceptable receipts for tax deductions include the following:
• Travel expenses
• Business supplies
• Home office expenses
• Meal deductions
• Educational expenses
Remember that anything you plan to write off for your business should only be business-related or else they will be classified as nondeductible expenses.
Travel expenses are acceptable tax deductions, but not if they were for a weekend getaway with the family.
Visit the Credits and Deductions page of the IRS for more information on acceptable write-offs.
Receipts serve an important purpose of recording business transactions, cash and credit sales, stock market transactions, the purchase and sale of raw materials, charitable contributions, and more.
While paper receipts may soon phase out, digital receipts will carry on the legacy of a millennia-old practice when buying and selling products.
Hannah DeMoss is a staff writer for Shoeboxed covering organization and digitization tips for small business owners. Her favorite organization hack is labeling everything in her kitchen cabinets, and she can’t live without her mini label maker machine.
Shoeboxed is a receipt scanning service with receipt management software that supports multiple methods for receipt capture: send, scan, upload, forward, and more!
You can stuff your receipts into one of our Magic Envelopes (prepaid postage within the US). Use our receipt tracker + receipt scanner app (iPhone, iPad, and Android) to snap a picture while on the go. Auto-import receipts from Gmail. Or forward a receipt to your designated Shoeboxed email address.
Turn your receipts into data and deductibles with our expense reports that include IRS-accepted receipt images.
Join over 1 million businesses scanning & organizing receipts, creating expense reports, and more—with Shoeboxed.
Try Shoeboxed today!