An itemized receipt is the written record of the purchase of goods or services that provides an itemized list of the goods or services sold and the associated prices per unit/time/etc. It also clearly identifies the buyer and seller. Itemized receipts are helpful when a single purchase involves multiple items of varying quantities and costs.
What to Include
- Buyer information (name, address, phone, email);
- Item description(s);
- Payment method (cash, check, credit card, other);
- Receipt number;
- Seller information (name, address, phone, email);
- Signatures of both parties;
- Summary of charges:
- Cost of the item(s) per unit,
- Cost of add-ons (if applicable),
- Quantities of items and add-ons,
- Subtotal,
- Tax rate,
- Total taxes due,
- Total amount due,
- Amount paid, and
- Outstanding balance (if applicable); and
- Transaction date.