Okuzeka
Accounting & Tax vocabulary · Invoices & Payments

Receipt

Meaning in accounting & tax, with examples

/rɪˈsiːt/nounCore term

In accounting & tax, receipt means: A document that proves money has been paid or goods have been received, given to the person who paid or delivered.

In Turkish: makbuz, fiş, alındı belgesi

How it is used

Employees keep receipts for expense claims, and finance asks for the original or a scanned copy. In accounting, 'receipts' also means money coming in, as in cash receipts.

Example sentences

  1. Please attach all your taxi receipts to the expense claim.

  2. Cash receipts for the day are deposited at the bank every evening.

Common collocations

  • keep a receipt
  • original receipt
  • cash receipts
  • issue a receipt
  • invoiceA document a seller sends to a buyer listing the goods or services supplied, the amount due, any VAT and the payment terms.
  • expense claimA request an employee submits to get back money spent personally on business costs, such as travel or client meals, supported by receipts.
  • petty cashA small amount of cash kept in the office to pay for minor expenses, such as stamps, taxis or cleaning supplies, without making a bank transfer.
  • accounts receivableMoney that customers owe a company for goods or services it has already delivered on credit, and also the team that collects those payments.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Invoices & Payments

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This page explains English vocabulary for learners. It is not financial advice.