Small Business Glossary

Tax Receipt

A tax receipt can be a physical or digital document which serves as a record of a transaction and proof of purchase for the customer.

What Information Should a Receipt Include?

  • Your business name (and logo, if applicable)
  • Australian Business Number (ABN)
  • Date of sale
  • A unique invoice number
  • Description of the goods or services provided
  • Quantity of goods or services
  • Price per item (including GST if applicable)
  • Total amount paid

How Should I Provide Receipts?

You can provide receipts to your customers in a variety of ways:

  • Printed paper receipts (traditional method)
  • Electronic receipts sent via email
  • Digital receipts displayed on a screen for customer to accept

Why Are Receipts Important for Small Businesses?

Receipts are crucial for several reasons:

  • Customer Satisfaction: Receipts provide a clear record of the purchase for the customer, allowing them to track their spending or return items if needed.
  • Tax Records: Receipts help you track your income and claim GST credits (if applicable).
  • Dispute Resolution: A receipt serves as evidence of the transaction in case of any disputes with the customer.
  • Accounting: Proper receipts ensure your business records are accurate for tax and accounting purposes.

Additional Considerations:

  • Electronic vs. Paper Receipts: Consider offering both options to cater to customer preference and environmental concerns.
  • Record Keeping: Always keep copies of issued receipts for your business records.
  • Software: Accounting software often includes features to generate and manage receipts electronically.


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