Getting a lot of inquiries regarding Gift Certificates is there a way of doing this on Reckon ??

Steve_6906920
Steve_6906920 Member Posts: 11
edited June 2020 in Accounts Hosted

Comments

  • Kevin Silberberg
    Kevin Silberberg Member Posts: 50
    edited July 2015
    Steve, I created an Income account "Voucher" and a non inventory Item also entitled "Voucher" associated with the Income account in Reckon.  When a Customer wants to purchase a Voucher, I treat that as a Sales Receipt/Tax Invoice. The printed receipt specifies the value of the Voucher and that it has been paid.  The GST code for the Voucher is "FRE", a GST Free sale.  Essentially the Voucher sale is a payment in advance for goods and or services.  It is difficult to detail the accounting treatment of providing the goods or services without knowing whether you have a Point of Sale application and are tracking Inventory.