A parking receipt is written documentation of a payment made for parking a vehicle in a specific lot, structure, or facility. It can be used by public parking structures, private businesses, transportation hubs, hotels, venues, municipalities, and other companies or entities that charge parking fees.
Parking receipts are essential for financial bookkeeping and for obtaining tax deductions because they include a breakdown of charges and fees. They are also crucial if any damage is done to the vehicle while it is parked.
What to Include
- Company name, address, and phone number;
- Parking date(s) and time(s);
- Parking location;
- Parking rate (per minute/hour/day/week/month/year);
- Payment method (cash, check, credit card, other);
- Subtotal;
- Tax rate (if applicable);
- Total tax due (if applicable);
- Total amount due;
- Total amount paid;
- Total balance due (if applicable);
- Transaction date and time; and
- Vehicle information: make, model, color, license plate number.