What Are Receipt Books and How Do You Use Them?

Are you looking for a quick guide on receipt books? If yes, you’ve come to the right place! Read on to find out exactly what a receipt book is and how to fill it in correctly. 

Let’s go! 

What is a receipt book? 

As the name suggests, a receipt book consists of multiple detachable forms of receipt that serve as proof of payment. These booklets are usually pre-numbered chronologically and have the receipt headings in place. You can easily print off a receipt book template online or buy it at any office supply store.

A receipt book is a critical document because it helps you keep track of your financial transactions and serves as solid evidence for tax purposes

The number of individual receipts in a book can vary from 50 to 200 sets. Commonly, one set of receipts contains two different colored receipts: white and yellow. The white receipt is called the original receipt, which is usually on top and to be given to your customers. Meanwhile, the yellow receipt is a duplicate or carbon copy of the white receipt that the business keeps for documentation. 

Source: Amazon 

You can also find sets containing up to 4 different colored receipts on the market. This type of receipt book comes in really handy if your business has many departments involved in the sales process. For example, your business may want to give the white copy to the client, the yellow one to the sales department, the pink one to the finance department, and the blue one remains in the receipt book.

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How to fill in a receipt?  

While it depends on the template you use for your receipts, there are some essential parts that you see on almost every receipt. Below is a detailed guide on how to fill in those crucial parts:

  • Date: Write the exact date at the top page of your receipt when the transaction occurs. It can be the date when you receive payments or when your client receives your products or services. 
  • Company name and contact information: Most businesses have customized receipt books that have all this information pre-printed at the top left-hand corner of the receipt page. If you don’t have a customized receipt book, you will have to write down your company phone number/hotline and address under the company name.

Feel free to include other details like your website address, social media accounts, or operating hours. On a side note, if you don’t have a company name, it’s recommended to write your own full name instead. 

For example:

Russell Campbell

1234 Everett Way

Arvada, CO 80005

United States

? +123456789

? runningforlife.com

  • Product details: Write the name of your product on the left-hand side of the receipt. Make sure you also enter a specific description of the product like the size, quantity, color, etc.  

If you sell more than one item, list each product individually on one single row or line and leave a good space between each product. This allows you to change or add more information when needed.

For example:

      Product Size Color Quantity 
Running T-shirts LYellow 2
Knitted scarf Gray1
Motivational mug1
  • Price: For each item, write down its corresponding price at the end of the row or line. Always remember to multiply the single product’s price by its quantity first if you sell more than one unit of that product. 

For example:

      Product Size Color Quantity Price ($)
Running T-shirts LYellow 250
Knitted scarf Gray120
Motivational mug115

In this example, a running T-shirt costs $25. This customer is buying two, so you would need to write the total value of two T-shirts, which is $25 x 2 = $50.  

  • Subtotal amount: the subtotal is the summation of all the items before taxes and/or any additional fees. Add up the cost of each line and write the total number under the list of products on the price column. 

For example: 

      Product Size Color Quantity Price ($)
Running T-shirts LYellow 250
Knitted scarf Gray120
Motivational mug115
Subtotal 85 
  • Taxes, additional charges, and grand total: Include any applicable taxes by multiplying the subtotal figure with the tax percentage. Also, add any other additional charges such as delivery fees. List the name of your taxes and other fees on the left side under the subtotal and their cost on the price column. 

Now, add all the numbers to get the grand total, or the amount that your customer has to pay. Write the figure you get at the bottom of the receipt. You will always see a designated line to write your totals.

For example: 

So, there you go, that’s how to fill in a receipt! 

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What’s Shoeboxed? 

Shoeboxed is an application that lets you digitize all paper receipts in just a few seconds. Shoeboxed automatically extracts and categorizes important data from your receipts with human verification. Quick, reliable, and trustworthy, Shoeboxed promises to organize your piles of documents in the best way possible!

Digitize and organize your receipt books with Shoeboxed

Try Shoeboxed for FREE!  

3 Quick Improvements to Receipt Tables

This week, we released three quick user-requested upgrades to our receipt tables. Read on to find out what’s new in your online account.

This week, we released three quick user-requested upgrades to our receipt tables. Here’s what’s new:

  • We fixed a bug that wouldn’t allow a receipt to be saved if the date field wasn’t filled in. We certainly recommend entering the date on every receipt, but if for some reason it’s blank, you can still save the receipt in your account.
  • In the Vendor filter, all vendors are now sorted alphabetically to make finding what you’re looking for even easier.
  • We’ve corrected the total of all receipts shown at the bottom of the receipt table. So if you apply a filter (e.g., all receipts with the vendor Home Depot in December 2014), the total at the bottom of the receipt table will show the total for all receipts that match that filter.

We know they’re tiny improvements, but we wanted to give you a quick heads up about the changes! Let us know if you have any questions via email at help@team.shoeboxed.com or on Twitter at @ShoeboxedHelp.

Updates and Improvements to New Receipt Tables

Now that our new receipt tables are live in your online account, we’re continuing to add new features (and some old favorites) to them. This week, we’re glad to announce a few key updates we think you’ll appreciate!

Now that our new receipt tables are live in your online account, we’re continuing to add new features (and some old favorites) to them. This week, we’re glad to announce a few key updates: New Receipt Tables

  • Remembered preferences: Once you set a number of items per page to display and a sort order (by date, vendor name, etc.), the table will remember that preference every time you log in.
  • Share URLs for each document: Simply click the Share button in the top right corner of the viewer to reveal a unique, read-only URL for a document that you can share with your accountant, coworker or anyone who needs it.
  • Archive your documents to Evernote: The ability to manually archive your documents to Evernote has been added back! If you have the integration set up, you’ll see a button at the top of your receipt table to archive your selected documents in Evernote instantly. As always, the automatic archive to Evernote option is available in the Integrations section of your Account Settings.
  • Speed Improvements: The new tables are faster than ever! We made some improvements to make managing your receipts even quicker.
  • Document Source Icons: Our new receipt viewer now displays an icon to let you know the source of a document. Each of our submission methods will have its own distinct icon so you know exactly where the document came from, whether it was emailed, scanned from a Magic Envelope, uploaded… you get the idea! To find the source of a document, simply click on it and look for an icon in the bottom right corner of the viewer.

We hope that these features make managing your receipts faster and easier than ever. As always, if you have any questions or feedback about the new receipt tables, please reach us 24/7 at help@team.shoeboxed.com. P.S. We’re releasing a new version of the iPhone app this week… so stay tuned!