A gift receipt documents purchases without disclosing the price paid for the purchased goods or services. It’s intended for buyers purchasing a gift for another person or entity. The gift recipient can use the receipt to return or exchange the gift without knowing what the buyer spent on the gift. A gift receipt is always issued in addition to the buyer’s standard purchase receipt.
What to Include
- Buyer information (name, address, phone, email);
- Item description(s);
- Payment method (cash, check, credit card, other);
- Receipt number;
- Recipient information (name, address, phone, email);
- Seller information (name, address, phone, email);
- Signatures of both parties;
- Summary of charges:
- Cost of the item(s),
- Cost of add-ons (if applicable),
- Quantity of item(s),
- Subtotal,
- Tax rate,
- Total taxes due,
- Total amount due,
- Amount paid, and
- Outstanding balance (if applicable); and
- Transaction date.