When you sell a gift voucher to a customer, the customer is holding an asset of your business until it is redeemed. So when you record the purchase of a gift voucher in AccountRight, it needs to be recorded as a liability in an Unclaimed Gift Certificate account you'll create. When the customer returns and pays with the voucher, all you need to do is create and close a sales invoice that reduces that liability account by the voucher amount. This way, you can easily track the outstanding gift vouchers or write-off any that remain unredeemed. | UI Text Box |
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| There is no GST payable to the sale of a gift voucher, because no goods or services have been supplied yet. The GST is only realised recorded when the gift voucher has been redeemed. |
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| title | 1. Create your Unclaimed Gift Voucher account |
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| You'll first want to setup a liability account where you'll record the sales of your unredeemed gift vouchers. The steps are the same as if you're creating any other new account, but there are a few things to keep in mind for this one: - This will be a liability account classification
- The account type will be Credit Card
- Name the account something that suits your list. In our example, we chose Unclaimed Gift Vouchers
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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| title | How do I add the items and expenses related to a job onto the customer’s invoice? |
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| Click Reimburse to see a list of all the job purchases and expenses you have assigned a job number to, that can now be reimbursed on the sale. |
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| title | How do I set a credit limit or put an account on hold? |
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| You should enter the credit limit you've assigned in each customer's card. If you want to stop sales from being recorded for customers who have exceeded their credit limit, you can place them on hold. |
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