Sep 24, 2025 · A receipt is made after a transaction has occurred, detailing the price of the goods or services along with any taxes, discounts, shipping fees, or other line items.

Receipt later acquired its more familiar sense of "a writing acknowledging the receiving of goods or money." Both words, receipt and recipe, ultimately derive from Latin recipere ("to receive").

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In most cases, the recipient of money provides the receipt, but in some cases, the receipt is generated by the payer, as in the case of goods being returned for a refund.

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A receipt should be issued to the buyer by the business as soon as payment for goods and services have been received, either through cash or other acceptable means recognized by …