You can create and email receipts for payments in Studiometry. Once a payment has been created you can easily view the receipt by clicking the red thumbtack on the right of the payment's row, as seen here:
Clicking this icon will bring up the receipt viewing window, which you can then you use email or print the receipt in Graphic or Text format:
You can also have Studiometry automatically send out receipts to your clients when a payment is added. To do this, you can modify the setting in the Preferences Window > Billing Settings section, as seen here:
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