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It is good financial practice, and may be a legal requirement, to issue a receipt for all income received. This includes receiving cash. Receipts should be sequentially numbered, and identify who paid you the money (or whether it was a cash sale), the purpose of the income, and the amount.

Copies of receipts can be filed here.

If a receipt book which retains carbon copies is used, keep the book in this file. If printing receipts from a computer, file the copy here.

Receipts can be matched with entries in the Cash Receipts journal (see here for a sample page).

For organisations which receive donations which are tax deductible for the donor, the receipt is required by the donor to justify the deduction. In such cases, your receipt should explicitly state that your are endorsed to receive such donations. [See DGR and ITEC in the Glossary.]