Sales Draft

A sales draft is a document generated at the point of sale that serves as evidence of a transaction between a merchant and a customer. It contains essential transaction details such as the date, amount, items purchased, and payment method used. Sales drafts are more commonly referred to as “receipts.”

Sales drafts are commonly printed on paper or generated electronically and normally include additional merchant  information (name, address, and contact details, and so on). For retailers, sales drafts play an  important role in both record-keeping and accounting.

For consumers, sales drafts can be used to track expenses and manage budgets. Their most important function, however, is providing evidence in case of discrepancies or disputes. Knowing that customers hold hard proof that a sale took place helps keep the entire sales process more accurate and transparent.