A File of Receipts refers to a gathering or collection of multiple receipts that have been organized and often stored together for administrative or record-keeping purposes. This collective noun phrase encompasses a tangible grouping of various receipts, usually made of paper but increasingly in digital form as well, prepared and provided to individuals or businesses for transactions such as purchases, payments, or expenses incurred and paid. The file of receipts plays a significant role in bookkeeping, accounting, and budget management as it allows individuals or organizations to review, reference, and validate the financial activities and expenditures undertaken. It serves as compelling evidence and documentation of monetary transactions, aiding in auditing processes, tracking expenses, claiming tax deductions, and ensuring compliance with financial regulations. Additionally, the file of receipts promotes transparency, accuracy, and accountability in the financial affairs of individuals, businesses, or even governmental bodies. Whether organized chronologically, by category, or by purpose, this assemblage of receipts encapsulates the financial history and surgical details of transactions, making it an invaluable tool for financial management, analysis, and decision-making.
Example sentences using File of Receipts
1) I organized the chaotic file of receipts into neat piles according to their dates.
2) The overwhelming file of receipts was proof of our excessive spending during the vacation.
3) The accountant was relieved to find a complete file of receipts that helped reconcile the company's expenses.