Is the glossary free to use?

Yes. All definitions are free to read with no signup, and each term links to the free Receipt Caker generator where the concept appears on a real receipt.

Receipt Glossary

Plain-English definitions of receipt and bookkeeping terms — subtotal, sales tax, VAT, gross, net, line item and more — from Receipt Caker.

What is the Receipt Caker glossary?: The Receipt Caker glossary defines receipt and bookkeeping terms — subtotal, sales tax, VAT, gross, net, line item and more — in plain English so anyone can understand a receipt.
Is the glossary free to use?: Yes. All definitions are free to read with no signup, and each term links to the free Receipt Caker generator where the concept appears on a real receipt.

Grand Total

The grand total is the final amount a customer pays, equal to the subtotal plus tax and tip minus any discounts.

Gross Amount

The gross amount is the total price of a purchase including VAT or tax.

Itemized Receipt

An itemized receipt lists each product or service bought as a separate line, rather than as one lump sum.

Line Item

A line item is one entry on a receipt representing a single product or service, with its description, quantity, and price.

Net Amount

The net amount is the price of goods or services before tax or VAT is added.

Sales Tax

Sales tax is a government charge added as a percentage of the price when goods or services are sold.

Subtotal

The subtotal is the combined price of every item on a receipt before tax, tip, or discounts are added.

VAT (Value Added Tax)

VAT, or Value Added Tax, is a consumption tax charged on most goods and services in the UK, EU, and many other countries.