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Receipt Maker News

How Receipts Affect Digital Transformation

Digital transformation has a remarkably huge impact on businesses. From one business to another and so on, and forth. Whatever industry you are into, the amazing change that it has brought will reevaluate how it enhances your daily work operations and employee productivity efficiently and effectively. Integration is an advantage and advancement to your business system that allows you to stay creative and ahead in the competition.

On receipts transformation, the difference goes further when it comes to accessibility, security, dependability, expeditious work result, and minimizing cost. The system is manageable on computers and smartphones and business owners can access it 24/7 anytime, anywhere. The access demand on your end is higher and you can always monitor your sales and expenses whenever you want, too.

Business accounting matters and using electronic receipts is much easier to generate financial reports, it also supports the book journal used when it comes to filing tax returns, payroll administration, and any other accounting-related tasks. You will be able to monitor the financial performance of your company, how much money you receive, and how much money you spent. The collaboration with your assigned accountant or assigned employee is more effortless and concluding to make any decision is definitely much brilliant and accurate. It is indeed that receipts bring significance to business accounting.

One of the exceptional software on digital receipt generators that many businesses used is ExpressExpense. A lot of routine tasks become automated to avoid repetitive tasks thereby saving more time to dedicate to other relevant tasks. This is not just for financial reports, your accountant portal, lawyers reference, or you as an owner, but also for your most valuable assets – your CUSTOMERS.

Customers are your strength to your business and giving them the best service they deserve is highly commendable. You have to present your brand way better than others, and customizing your receipts is one of the keys to making your company more recognizable. Customization of receipts creates more opportunities in marketing and advertising, such as email marketing as this is one of the cheapest, most convenient, and fastest ways to keep your customers stay informed about your products and/or services and can reach more potential customers. You have to always think outside the box if you want advancement, improvement and better income.

By taking advantage of this digital feature you are: 

  • allowing your customer to make use of their receipts more meaningful when it comes to recordkeeping purposes such as exchange/refund used, a receipt reimbursement, simple memorabilia, and the likes
  • transforming the receipts into supporting legal document that describes all the data to be considered valid
  • minimizing human or administrative errors to avoid possible serious customer complaints 
  • minimizing financial reports inaccuracy 
  • flagging suspicious accounts for audit purposes

The required amount of time you are committing to your business will noticeably be reduced. Likewise, with your employees, the work productivity will be intensified and everyone will find ways to make your business operations run better. In general, the eradication of errors is improving. This is a positive impact that any business is aiming for.

If you achieved great results on your starting point, it is a good sign that you are on the right track and will improve over time and this can lead to more customers and boost your company’s profits.

Receipt Interesting Facts

Frequently Asked Questions on Receipts

If you were able to read the Interesting Facts About Receipts and you get inspired on how it is valuable to any business and customers, the following frequently asked questions will give you more insight about receipts.

  • Are digital receipts valid? Aren’t paper receipts tested and secured?

The Internal Revenue Service or IRS started accepting digital receipts four years ago and as long as it meets the basic recordkeeping principle, using an electronic system is allowed. You can read Use of Electronic Accounting Software Records; Frequently Asked Questions and Answers and 2017 Digital Services Report for more information. There are still some businesses using the traditional paper receipts and it is okay but keep in mind that innovation always matters.

  • Cabinet file storage for paper receipts are more secured and reliable?

It is less secure now when it comes to records privacy and less reliable as paper receipts get faded in due time and can be easily lost. And if you need them after 3-4 years, the information is not readable anymore as the thermal paper is sensitive.

  • Occasionally buying materials for your business is not entitled to tax claims?

It can be a small amount like $5, $10, or $15 but when you add up everything you will realize how much money you are spending that is why keeping receipts is a must.

  • You do not need to keep your receipts because the bookkeeper and accountant will do the receipt management?

Your bookkeeper and accountant can help you with recording expenses, preparing your accounting needs, and analyzing your business financial performance but then, the IRS needs supporting documents such as invoice or receipts for verification to make your tax claims valid. Make it a habit to organize your receipts every day or after recording expenses in your journal. You will notice how much money you can save on your accounting fees.

  • Is it impossible to get audited since I am running a small business?

Small businesses are most likely to get audited by the IRS especially if you are claiming hundreds of thousands of money. Maybe for the past few years, you don’t get audited but don’t be too confident because you might be on the list and you’re next. 

Receipt keeping can last from 6-7 years and if you use paper receipts the words and numbers printed might not be visible anymore. Electronic receipt management is the best way to keep your receipts intact as thermal paper cannot be useful after a few months. Using a receipt maker like ExpressExpense can help you save up office space and money and you do not need to buy more filing cabinets, paper, ink, folders for filing and minimize printer maintenance. Keeping records is just handy and less stressful, not just for you but also for your employees.

Receipts’ significance to business accounting is also useful for tax deductions and starting your digital receipt journey is a wise decision to do since everything around change and technology is updating for a better future for all business owners.

Receipts Significance to Business Accounting

A comprehensive financial report is needed in any business you are into for better decision-making. Digitizing your receipt or accounting method used is beneficial to keep track of your business operations.

Two of the major reason why we keep receipts is to:

Before, paper receipts are used as a requirement whenever an employee needs to reimburse something that was bought for the use of the company. Or attach it with a petty cash voucher for validity and transparency. This approach leads the way to accuracy in calculating business expenses. Because of continuous great innovation in technology, digitizing business resources is now considered standard and more convenient in managing business reports and expenses. A digital receipt maker is a tool that is used by many business owners, particularly SMEs or what we call Small- to Midsize Enterprises to improve the daily work productivity and customer-service goals – customer retention and growing the business. You do not need to scan or take pictures of every individual paper receipt you have just to submit on your online accounting system. Emailing receipts is much easier and quicker. With just one click of the button, you see great work development every day as many accounting systems today are smarter to recognize every receipt saved in the cloud which makes it simpler to categorize every expense.

Some companies still use the traditional method – the usual way of organizing and keeping data is using paper-based accounting systems or spreadsheet-based methods. Paper receipt management has found an impact on business operations and produces more wasted time and opportunity such as:

  • employees find it to be tiring and a burden because of the repetitive boring process
  • submission of expenses reports is getting delayed due to some employees waiting to reimburse their money spent on buying or paying company expenses
  • Bookkeepers have to verify every transaction if the amount spent matches the amount that is given on the receipt

It is fine to use the old process but many companies today are no longer required to save paper receipts. With digital use, you can print it if anytime you need it for the records. Yes! everything is saved in the system for later retrieval purposes. Whether you need daily, weekly, monthly, quarterly, or yearly reports to monitor your company’s financial performance, everything is handy, particularly during tax season.

Keeping a receipt is crucial to prove the transactions were made. No receipt, no transaction, no documentation. One of the most significant features of business accounting is saving all the receipts and accurately document every money spent in your company. Through these, you get to define your business activities as:

  • provable
  • transparent
  • understandable
  • logical

Managing your receipts digitally plus an online-based accounting system centralizes all your business financial management which helps you to access your financial reports anytime, anywhere. Whether it be auditing or administering tasks such as:

  • financial management
  • inventory management
  • payroll
  • receipt or invoicing
  • customer relationship management
  • employee relationship management

everything is accessible and productive, as it speeds up the entire process. The quality of work results and efficiency of employees is commendable.

Receipt Making Tips

Starting Your Digital Receipt Journey

If you are a business owner and want to switch from paper receipts to e-receipt, or want to use both, or a start-up business and want to go digital, then you are on the right page. Probably, you are thinking of how you can do your business better – getting more organized, staying more productive, save more time throughout the always busy workdays, and save more money to boost your company’s financial performance – to achieve your business goals. And everything is possible to happen by getting rid of paper receipts and start using an electronic or digital receipt, or you can combine both to see how it influences the transition. This can lead to a more orderly and clutter-free workplace and most significantly, it is extremely beneficial to your health, to protect you from harmful BPA, and to the environment, which helps diminish the amount of paper being dumped into landfills every year. 

The use of digital receipts started by Apple Stores in 2005 and many retailers embraced the innovation. It is a printer and mobile-friendly and with a click of a button, you can track your expenses, share your information with your accountant or tax professional, and so much more convenient between you and your customers. 

All that said, here are some of the latest e-receipt systems that are notably affordable if you want to start digitizing your receipts: 

  1. ExpressExpense. A receipt maker that creates professional-grade receipts based on the information you enter. You just simply choose a receipt template that suits your business needs, customize the receipt and then download, print, email, or text the receipt generated. You can also use the mobile app to make receipts on your phone. You can Sign-up or read the FAQs to know more about the services offers.
  1. MakeReceipt. A receipt generator that allows you to make a receipt for your business needs. Receipt templates are professionally designed to match today’s common receipts across the globe. You can customize, edit or download your receipt on your laptop or mobile phone. You can generate in a matter of seconds! You can Sign-up here and choose your desired PLANS.
  1. ExpenseFast. It is a powerful receipt editor that lets you create a receipt with high-resolution output. Its receipt library offers 100s of the most popular receipts in the world and they can even make one for you if you want. You can Sign-up here and enjoy the features with professional quality and excellent service.
  1. InvoiceWriter. It is an invoice generator that lets you create an invoice from your phone or laptop. You can generate in 3 easy steps. It offers a lot of invoice templates and you can choose the one you want or you can request your desired design. International invoices are supported in Dollars, Euros, and British Sterling. They make invoices for the UK, Australia, Canada, Germany, and France. You can Sign-up or visit the FAQs page for more information.

These receipts and invoice makers are highly recommended as they already served hundreds of thousands of customers and are still counting. They also provide deeper insight into customer buying habits which can help you predict your individual customer behavior. Who precisely is the customer and what are they purchasing? This can help you to create promotions or other marketing offers that relate to your customer’s preference. Amazing journey in the digital receipt system world is waiting for you! 

Receipt Making Tips, Receipt Making Tips

Online Receipts in Marketing

For business owners, especially for a start-up business and existing small business owners, using electronic receipts can benefit from saving thousands of money. Moreover, it can be a perfect marketing opportunity for their business. Whether you own an online store or physical store, or both, this can lead to more customers and increase your company’s profits.

The customer still prefers to visit a physical store than an online store but with the outbreak since 2020, for safety reasons, people prefer to shop online. Whichever, through the use of e-receipts you can reach your target audience and you have the option to add a marketing campaign. When you create a receipt, you can add it below the customer’s detailed purchase items or services, BUT you have to be aware of the following limitations: 

  1. When a customer’s signed up, have an option for customers if they like to receive marketing offers. Customers’ consent is a must.
  2. Avoid spamming customers and you should always consider that their time is precious. Send related-significant promotions and updates based on their previous purchases to get their attention.
  3. If customers have an option to subscribe to your marketing or promotional offers, allow them also to unsubscribe when they don’t want to receive anymore except when they are entitled to free items, discounts, or raffle tickets on the day of their purchase.
  1. Treat every email you send to your customers as an opportunity to market your business. It is the best time for you to disseminate your online and offline marketing promotions or any of your store activities such as:
  • When you have new stock arrivals for your online or physical store
  • When you have a physical store ONLY sales or online store ONLY sales or both.
  • When you have discounts or coupon offers the next time they purchase from your store.
  • When they can avail of a free item or raffle tickets based on their purchases.

Marketing opportunities like email marketing is considered as one of the important channels to maintain your existing customers and from their recommendations as well to their friends, family, or co-workers you can gain new customers and convert them into sales. This is one of the cheapest, most convenient, and fastest ways to keep your customers stay informed about your products and/or services.

You have to be compliant in using email marketing because in general using electronic or online receipts helps to improve your business reliability and performance while giving relevant and meaningful content to your loyal customers and your target customers. You can use ExpressExpense, MakeReceipt, or ExpenseFast. They are receipt generators that can give you all the convenience of using an electronic receipt. It is fast, easy to use, and you can make a receipt in seconds! You can try it for FREE or SIGN-UP  to get full access to the system. You can change plans at any time you want. Be mindful that you still have to be prepared to give traditional paper receipts to your customers if they need it unless you are a fully digitalized business.

Comparison Between Paper Receipts and Digital Receipts

Whether you use paper or digital receipts it is useful to any kind of business since it is a required document to fulfill and given to customers as their proof of payment. Receipts are vital to keeping track of your expenses or cash flow in general. It has been a comparison since then whether to use paper receipts or e-receipts. However, both are beneficial when it comes to accounting reports or tax claims. Paper receipts are the usual and old way we used for long years but due to the advancement of our technology, change matters especially if it is for the betterment of a business. Do you think digitizing will cost too much? Is it complicated to start? 

Here are some factors when using paper receipts: 

  • Paper receipts provide instant proof of payment for a transaction of goods or services and provide customers with the security of a possible return/exchange of items.
  • Paper receipts give businesses the advantage to add seasonal SALE or discounts, such as coupons or promotions in the form of barcodes which can easily be scanned by the POS in real-time.
  • For customers paying with cash or credit cards, paper receipts protect both the business checking they are providing the correct change or card information and the customer with proof that the correct money has been returned or the amount entered correctly.
  • However, there are always issues in the quality of paper receipts used and the possibility for receipts to fade over time.This is one of the disadvantages when you use paper receipts. In due time information on the receipts are not readable and can be frustrating.
  • Paper receipts also take up too much space, which sometimes lets you buy a new file cabinet to store all the file receipts. 
  • Paper receipts are not environmentally friendly and they’re easy to lose and can give you stress in the future especially during tax claims.  
  • Many small to medium businesses (SMBs) are still using paper receipts to input information manually, which leads to administrative errors and wasting time to correct any mistakes and looks unprofessional due to erasures or alteration.

On the other hand, using online or digital receipts has been more convenient and effortless. Digital receipts or e-receipts have existed for long years now and for over a decade, work results are better. People are getting more used to pay-on-the-go by just using phones and access to the internet. Companies or businesses just need to download the app or access the websites anytime, anywhere, 24/7. ExpressExpense mobile receipt maker lets you create a receipt on your phone by downloading the app on Apple Store and Google Play Store

Here are the factors when using digital or e-receipts:

  • Digital receipts save paper, easy to store, easy to find which makes the job easier and lighter.
  • Digital receipts are printer and mobile-friendly. You can download the receipts or email them directly to your customers.
  • Digital receipts saves customer waiting time for check-out. Your goal is to make your customers happy and satisfied.
  • Digital receipts strengthen and enhance both the customer-service experience and customer relationships because of faster work results.
  • Digital receipts are perfect opportunities to upsell and cross-sell however purchase information should always be at the top of the receipt and any advertising or marketing purpose should always be at the bottom. 
  • Companies such as telephone, internet, cable, credit card, or insurance bill can send a digital payment request to inform the customers of their upcoming dues which can minimize or prevent late payments.
  • It encourages more time to engage with customers. Because of more email opportunities, you can easily respond to any inquiries or concerns they have. You can also inform customers if there are upcoming deals or discount codes that they can use. Loyal subscribers or customers always appreciate these kinds of strategies. 
  • Paperless is environmentally friendly. You save money and you help save Mother earth.

ExpressExpense is a receipt generator that can give you all the convenience of using an online receipt. It is fast, easy to use, and makes receipts in seconds! Reduce cost and save money. Stop wasting more time and boost more sales. Be genius and SIGN-UP today. You can also try it for FREE!

Receipt Interesting Facts, Receipt Interesting Facts

Interesting Facts About Receipts

Did you know that receipts contain interesting, reliable, and useful information that a customer or company can use for reference? Receipts are significant because: 

  • It guides you on your budgeting plans. Spending every cent matters especially if you have a particular amount to spend every salary. It limits you to not overspend. For business, it helps you monitor your daily expenses and operational supply needs.
  • Prevent potential frauds. For business, you can monitor how your staff spends your company budget on expenses. Same with individuals or families that rely on their maids or personal assistant when running errands. You get to know their honesty and integrity as an employee.
  • Optimize your operational efficiencies. You can properly maintain your business records accurately particularly in preparing your tax returns.

Here are some additional interesting facts about receipts according to MakeReceipt :

  1. Receipts are one factor that can build credibility for the company or business. In some countries, receipts are mandatory documents.
  2. Receipts are supporting documents to record business expenses like travel, vehicle, marketing, maintenance, office supplies, and many more.
  3. Receipts, particularly OLD receipts can consider memorabilia by a person. A first-ever purchased item/s on your first salary, engagement, wedding, or any special event in your life.
  4. A person who is traveling from different countries and is fond of collecting receipts like purchased branded bags, clothes, shoes, or jewelry.
  5. Receipts are the major requirement when you want to refund/exchange items of your recent purchase like, your new appliance is defective, your favorite new branded shoes were not paired, or the food products that you bought are expired.
  6. Receipt requires businesses or sellers to pay taxes based on their sales. The seller is obliged to put everything on record in case an audit is required.
  7. Receipts in a few cases can be used as supportive evidence to an investigation, regardless it is a civil case or criminal.
  8. A receipt can be used to avail of a free item promo or a raffle ticket for a chance to win a grand or consolation prize in participating stores.
  9. Receipts for your loan payments like monthly home amortization, or car loan. You want to make sure that all payments are deducted to its Loan Principal Amount.
  10. Receipts bank payment from your credit cards and phone monthly plans. Getting updated from your accounts, you get to feed information like the perks that you can avail from participating merchants or stores.

Receipts are important documents and compulsory to any business as well as to customers. For buyers, it is their proof of purchase to any goods or services.

Businesses or companies have two ways of issuing a receipt:

  1. First, is the paper receipt, which is the normal way. It can be handwritten or supplied at point of sale and printed on a thermal paper using a thermal printer.
  2. Second, is the online or digital receipts. This is not just an option anymore. This is becoming more popular especially today that we are more focused on environmental issues and how we can help to save our Mother Earth. Paperless campaigns are being practiced which prove to be more beneficial not just on nature but also on saving cost, time and effort to any kind of businesses.

When it comes to receipt maker Express Expense can help you with receipt management and prevent undue stress.

Spend smarter and try it NOW!

How To Make Receipts

How to make a fake Walmart receipt?

Making a receipt for Walmart purchases is easy using an online receipt maker like ExpressExpense. Follow these 5 steps to create a Walmart receipt:

  1. First, choose the Walmart receipt template from the library of receipt templates.
  2. Next, enter the store information and purchase information into the receipt generator input screen. Add itemized items to the receipt using the tool.
  3. Add a Walmart logo to the receipt like this one: Walmart Receipt Logo
  4. Finally, Click “Make Receipt” and view the generated Walmart receipt. Download or email the receipt to your device.

The Walmart receipt template has been carefully designed to match Walmart receipts. The receipt font used in this template is an exact replica of the thermal printer used at Walmart stores.

Anatomy of a Walmart receipt

The receipt header information on Walmart receipts varies from store to store. Some Walmart stores choose to put the physical address of the store on the receipt while others only list the store manager name and the phone number.

ST# is Walmart store number. OP# is the cashier number ( aka: operator number ). TE# is the register number. TR# is a transaction number for that register.

The barcode is the TC# number. When you return an item in the store, a Walmart employee will scan this barcode.

The Store Number (ST#), OP#, TE#, TR# values are all randomly generated when the receipt is created.

The items on the Walmart receipt are listed in the order they are scanned at time of purchase. To the right of the the item price, you may see a letter -N, X, O or T – that denotes the type of taxing the item received.

  • N = Nontaxable item
  • X = Taxable item
  • O = Sale item (nontaxable)
  • T = Sale item (taxable)
  • H = HSA (Health Spending Account) eligible item
  • F = Food item (eligible for Food Stamps)
  • K = Cashier manually keyed enter (did not scan properly)

The QR code is a new element on the Walmart receipt. This QR code is an encoded URL for looking up your receipt online. It was also utilized for collecting rewards using the Walmart App‘s Savings Catcher feature. Walmart discontinued this feature in May of 2019.

So, what are you waiting for? Use our Walmart Receipt Generator to create your own Walmart receipt.

ExpressExpense News

Gas receipts available now

sample-gas-receipt-smaller2

Gas, petro, fuel, go-go juice…. whatever you call it, we have you covered on receipt creation.  We just added two new receipt templates: Gas Receipt and Modern Gas Receipt. Each feature the ability to enter the number of gallons of gas and then the cost of gas per gallon. The Gas Receipt style has a “dot matrix” font and is easy to read.  The Modern Gas Receipt utilizes a newer style font and is cleaner and easier to read.

Remember, not all states in the USA tax for gasoline purchases. GasBuddy provides a good chart of those states that chart tax on gasoline. If your state doesn’t have sales tax on gasoline, simply enter ” 0 ” into the Tax field. Tax is a percentage and is multiplied by the cost of gas. For example, enter 5.0 to get 5% tax on $50 of gas. The system will calculate and show $2.50 in tax on the receipt

The request for a gas receipt was based on a suggestion by an ExpressExpress member.  Do you have an idea for another receipt type or any other site improvement you would like to share?  Send us a Comment through our site! We look forward to hearing from you.

ExpressExpense News

Las Vegas Taxi

Las Vegas has the highest concentration of taxis in the world.  Las Vegas has put together a nice Las Vegas Taxi – TOP 10 list to help visitors understand how their highly regulated taxi system – works.

The city of Las Vegas also provides a useful guide for all passengers.  This guide contains fare rates,  cost estimates, common taxi questions, important Las Vegas taxi facts and a map of the major cacin0 properties.  We’ve linked to the Las Vegas Taxi Rider Information Program below.  It can also be obtained by visiting http://taxi.nv.gov/.

2016-03-30_06-28-36
Las Vegas Taxi Authority - Taxi Rider Information Program - front

The current (08-2015) taxi fare rates for Las Vegas are as follows:

Initial Activation of taximeter: $3.50
Each additional 1/12 mile: $0.23 ($2.76 per mile)
Waiting time per hour: $32.40
McCarran Property (each pick up): $2.00
3% Excise tax will be added to all rates and fees

Here are a few Las Vegas taxi facts:

Las Vegas taxi drivers are required to provide a receipt upon request.  If they do not provide a taxi receipt at your request, you can visit http://taxi.nv.gov/ or create a taxi receipt yourself to suit your needs using one of our taxi templates.

Las Vegas taxi rates are some of the highest in the world.    Use a Rate Finder online or on your mobile phone to get an idea of taxi rates from point-to-point.  Or, consider using a Ride Share fare estimator if you plan to use Uber or Lyft services.

Below is an estimate of taxi fares between the McCarran International Airport and the most common hotel properties.

LAS VEGAS DESTINATION APPROXIMATE FARE

FROM AIRPORT

ARIA $20.20
BALLY’S $21.20
BELLAGIO $21.95
CAESAR’S PALACE $21.20
CIRCUS CIRCUS $28.90
COSMOPOLITAN $22.15
THE CROMWELL $19.30
FLAMINGO $19.75
HARRAH’S $21.20
LUXOR $18.25
MANDALAY BAY $20.05
MGM $16.40
MIRAGE $23.65
MONTE CARLO $20.05
PALACE STATION $27.63
PARIS $21.00
RIO $25.35
RIVIERA $26.80
STRATOSPHERE $25.00
THE LINQ $21.68
TREASURE ISLAND $25.75
VENETIAN $26.45
WYNN $22.00