![]() Useful during returns and exchanges: When a buyer gets a product that is defective or not the desired quality, they can return it if they have a payment receipt.Some of the vital functions of a payment receipt include Payments receipts play an essential role in providing customers with information, helping with internal accounting, and the documentation of purchases. ![]() Receipts provide proof of purchase and are often used to solve disputes that may arise between the customers and the business in the case of returned faulty goods. ![]() Receipts issued by the business facilitate maintenance of official transactional documentation or records within the business, used for reference purposes when filing taxes, conducting audits and doing stock taking.
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