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

SteveSteve Member Posts: 39
edited June 30 in Accounts Hosted

Comments

  • Kevin SilberbergKevin Silberberg Member Posts: 85
    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.
  • ZappyZappy Accredited Partner Posts: 4,659 ✭✭✭
    edited August 2019
    Kevin mate that's the ticket. I'm amazed anyone is asking about gift vouchers. I'm pretty sure they are going to outlawed before too long. Too many punters are just losing their money as vouchers either aren't redeemed or businesses go bust.
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