What are the requirements for a valid receipt?

What are the requirements for a valid receipt?

A valid receipt typically includes the date of purchase, the seller's name, a description of the items, the total amount paid, and payment method.

Do I need to keep receipts for tax purposes?

Yes, it's advisable to keep receipts for tax purposes, especially for deductible expenses.

What if my receipt is missing some information?

If a receipt is missing information, it may not be considered valid. You can ask the seller for a reprint or additional documentation.

Are electronic receipts acceptable?

Yes, electronic receipts are generally acceptable as long as they contain the necessary information.