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Using a mobile app is the easiest way to capture a receipt and save it for your records. There are two ways to scan a receipt: Mobile App InvoiceĪ receipt is only provided after payment has been made, while an invoice is a formal request for payment.Ī 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.ĭownload a template: Adobe PDF, Microsoft Word, Open Document Text (.odt) How to Scan a Receipt Source: IRS – How long should I keep records? Receipt vs. If a business claimed a loss for any tax year, the receipts for that year must be kept for seven years.

*Serial number of the business’s permit to engage in business (*California only).Īccording to the IRS, a business should keep its receipts for three years.

Description of the service, goods, or rental.

A standard receipt includes the following details: A receipt is a written record of a transaction between two or more parties.

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