Why Are Receipts Important?įirst and foremost, receipts act as official sales records for your company. If you issue gift receipts, you must decide whether or not the receipt is acceptable for returns, or if it can only be used for exchanges. Some gift receipts include the name of the item others simply include a barcode that allows the business to access the sale record. That way, the recipient can exchange the item without seeing the sale price. A gift receipt contains some details of the sale, but almost always leaves out price information. While most receipts include a standard set of information, gift receipts are an exception to the rule.