What should cardholders retain after making any purchase?

Retaining receipts after making a purchase is essential for several reasons. Receipts serve as proof of transaction, providing evidence of the purchase amount, date, and the items or services obtained. This documentation can be critical for budgeting and expense tracking, especially in a business context where accurate financial reporting is necessary.

Additionally, receipts are invaluable for item returns, exchanges, or warranty claims. In the event of discrepancies in billing or disputes with vendors, having the receipt on hand facilitates resolving issues swiftly and efficiently. Moreover, for financial reporting and audit purposes, retaining receipts ensures compliance with organizational policies regarding expenditures.

While internet browsing history, online order confirmations, and business cards from vendors can have their uses, they do not offer the same direct and verifiable documentation related to specific transactions as receipts do. Therefore, maintaining receipts aligns with best practices in financial management and accountability for cardholders.