Sales Receipts – Overview

Sales receipts are documents issued by businesses to confirm that a payment has been received from a customer for a product or service. They are typically issued at the time of sale and serve as proof of payment for both the customer and the business.

In a retail environment, a sales receipt allows you to record the sale and collect payment in a single transaction. Since the payment is received instantly, there is no need to create a separate invoice or payment entry. Sales receipts are commonly used in scenarios where the sale and payment occur at the same time, such as e-commerce websites and point-of-sale (POS) systems.

When a sales receipt is created, it records the payment immediately and acts as proof that the transaction is complete. The amount shown on a sales receipt directly contributes to revenue, as the payment has already been received. If a sales receipt is not created, the transaction remains unrecorded and has no financial impact.

The Sales Receipts module in Zoho ERP helps businesses quickly record instant payments, maintain accurate sales records, and simplify accounting and reconciliation, providing better visibility into completed sales and cash flow.

Learn more about how Sales Receipts can be used in Zoho ERP.