Too Long; Didn't Read
Statistics show that approximately 90 percent of paper receipts end up in the trash can. Most people part ways with their receipts shortly after collection, and many others can’t remember where they kept it if they did at all. However, situations arise where you need a receipt as proof of purchase for warranty claims and returns, tax deductions, personal expense tracking and business expense reporting. In these situations, failure to produce your receipts may lead to significant financial loss or disciplinary action in the case of a tax or office-related expenses. People lose their paper receipts for several reasons, which include: