Itemized Receipt

An itemized receipt is a copy of a proof of purchase that contains detailed and line-item information about that transaction. Itemized receipts mirror typical receipts but will also have each individual service or good listed out and may include various sales taxes attached to some items or the total amount.
Travel Management Company glossary image

What is an Itemized Receipt?

Itemized receipts are crucial for accounting teams as oftentimes, singular transactions host items that are reported independently for accounting and tax purposes. End-of-the-month books become easier to close as these receipts give a more granular view of employee purchases. For some employers, this variation of payment proof may act as the only confirmation of what employees are spending on business expenses.

Back to Glossary

See why more than 8,000 customers choose TripActions to modernize their Travel and Expense program.