Business glossary
Receipt
A document confirming that goods, services or payment were received.
Example
A customer pays $300 toward a $500 invoice. A payment receipt identifies the $300 received, payment date and method, original invoice and $200 remaining balance.
How it differs from related terms
An invoice requests payment; a payment receipt acknowledges money received. A partial-payment receipt does not mean the full invoice is settled. Label the amount received separately from the original total.
Frequently asked questions
What is an example of receipt?
A customer pays $300 toward a $500 invoice. A payment receipt identifies the $300 received, payment date and method, original invoice and $200 remaining balance.
How should receipt be interpreted?
An invoice requests payment; a payment receipt acknowledges money received. A partial-payment receipt does not mean the full invoice is settled. Label the amount received separately from the original total.