{"id":101041,"date":"2022-10-21T20:16:57","date_gmt":"2022-10-22T00:16:57","guid":{"rendered":"https:\/\/www.inmotionhosting.com\/support\/?p=101041"},"modified":"2022-10-21T20:16:58","modified_gmt":"2022-10-22T00:16:58","slug":"track-expenses-with-sprout-invoices","status":"publish","type":"post","link":"https:\/\/www.inmotionhosting.com\/support\/product-guides\/sprout-invoices\/track-expenses-with-sprout-invoices\/","title":{"rendered":"Using Receipts to Track Expenses in Sprout Invoices"},"content":{"rendered":"
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Using receipts with Sprout Invoices is important because it provides a way to track the expenses that are accumulated in the life of a project. Expenses for services, supplies or other random costs are kept organized through Sprout Invoices using projects<\/a>. <\/p>\n\n\n\n

Each expense can generate an invoice for a project with paper receipts digitized and attached to each expense entry. Using digitized copies of receipts helps to provide a clearer understanding of the expenses of a project while minimizing the possibility of losing a receipt and retaining an annoying paper trail.<\/p>\n\n\n\n

What\u2019s the difference between a receipt and an invoice? A receipt is the record of a transaction \u2013 generally a payment or refund. An invoice is a request for payment that can be paid in a period of time and may include other stipulations for payment. Receipts are also issued at the time of the transaction. An invoice is typically issued after <\/em>goods or services have been rendered but before payment has been received.<\/p>\n\n\n\n