OR

One response

1. It depends on the specific regulations and policies of your jurisdiction or organization. Generally, it’s best practice to issue an Official Receipt (OR) at the time of the transaction to ensure proper documentation for both parties. However, some organizations may allow for the issuance of an OR after the transaction has taken place, especially if there is a valid reason for the delay.

   To get the most accurate advice, I recommend checking with your local tax authority or your organization’s Accounting policies. You may also want to consult with a financial professional to ensure compliance with relevant laws and regulations.

   Log in to Reply