![]() InvoiceĪ receipt is only provided after payment has been made, while an invoice is a formal request for payment.Ī receipt is made after a transaction has occurred, detailing the price of the goods or services along with any taxes, discounts, shipping fees, or other line items.ĭownload a template: PDF, MS Word, OpenDocument How to Scan a Receipt ![]() Source: IRS – How long should I keep records? Receipt vs. If a business claimed a loss for any tax year, the receipts for that year must be kept for seven years.
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