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How to Organize Your Business Receipts

In every business transaction, there is a need for a proof of purchase which might be beneficial for the paying party. This proof is presented as a piece of paper with information of the transaction and the payment that transpired. This paper is what we call receipts, particularly, the business receipts.

Examples of business receipts as shown on the templates of this website are deposit receipt and acknowledgement receipt. Knowing how to handle these receipts will be quite beneficial to your endeavors. Learn how to organize your business receipts.

Why You Need to Keep Business Receipts

Businesses keep the receipts as evidence to support financial and management reports. In terms of personal receipts of individuals, the following are the reasons these documents need to be kept:

How to Keep Your Business Receipts Organized

An entity has two options in order to organize a company or an individual’s business receipts, similar to the receipt formats shown on the printable receipt templates:

 

How Long Must Business Receipts Be Kept

The duration with which business receipts are kept depends on the nature of the receipt. This is why there is a variety of receipt templates available online. Depending on the type of receipt, it can be kept for:

Business receipts are essential tools to prove the authenticity of an entity’s purchases. Aside from that, receipts also aid on the management of expenses of an entity. The free receipt templates on this website provide different examples of business receipts you can look into for your reference.

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