What is a Receipt and what is it for?

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A receipt is a proof of payment that is valid for tax purposes. When a receipt is issued, it proves that the full amount of the product or service purchased has been received. It also serves as proof to the customer that the full amount has been paid. For example, when receiving payment for a newspaper, the stationery store must issue an invoice band database a receipt (often issued automatically) or a document that combines both - Invoice-Receipt . It is also possible to issue an invoice and, subsequently, receipts as the customer makes payments. To do this, simply activate the Current Account Management feature for a customer in Vendus . In addition to issuing receipts later, this allows you to know the customer's balance.

As a rule, a Receipt must have the following elements :

Transaction date;
Merchant details: name, address and tax identification;
Customer data: name, address and tax identification (optional);
Description of the products and/or services invoiced: quantities, price without tax, VAT rates and total value.



What is the difference between an Invoice and an Invoice-Receipt?
The Invoice is the document describing the purchase made: date, merchant and customer details, products and/or services, VAT rates and amounts.

The Receipt is the document that proves that the customer has paid in full for the products or services purchased.

The Invoice-Receipt combines the two documents mentioned above. It can only be issued when the invoice date and the payment date coincide.