At Thu, 31 Oct 2024 18:34:27 +0000 Murugan Mariappan
<m.muruganan...@hotmail.com> wrote:
>
> Robert
>
> Try the following and see if it works for you
>
> 1. Create a new account named "Gift Certificates Payable" and set it as a
> Liability account.
> 2. Record the Sale of a Gift Certificate:
> Credit the "Gift Certificates Payable" account for the amount of the gift
> certificate sold.
> Debit the "Checking Account" for the same amount.
> 3. Issue your invoice as usual with AR recorded
>
> 4. Issuing a Credit Note Upon Redemption:
>
> When a customer redeems their gift certificate, create a credit note:
> In the income account field select "Gift Certificates Payable" account for
> the same amount
How do I create a credit note? I am using Gnucash 4.14.
>
> 5.Record the Redemption:
> Pay the invoice with the Credit Note and actual cash and select the
> transfer account as your "Checking Account"
>
>
>
>
>
> Saludos Cordiales
>
>
> Murugan
>
> ________________________________
> From: gnucash-user
> <gnucash-user-bounces+m.muruganandam=hotmail....@gnucash.org> on behalf of
> Robert Heller <hel...@deepsoft.com>
> Sent: 31 October 2024 14:38
> To: gnucash-user@ <gnucash.org gnucash-user@gnucash.org>
> Subject: [GNC] Questions about how to handle Gift Certificates
>
> I have a small service-oriented business, and I am looking to sell "Gift
> Certificates" that could be redeemed for future service.
>
> I am not sure how to account for them with gnucash. I think I should some
> sort of account (Liability?) for the sold Gift Certificates, but I am not sure
> how to account for them when I issue invoices (and process payments) in the
> future. I wonder if there is some wisdom out there on the gnucash-user
> reguarding handling Gift Certificates.
>
> --
> Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364
> Deepwoods Software -- Custom Software Services
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--
Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364
Deepwoods Software -- Custom Software Services
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hel...@deepsoft.com -- Webhosting Services
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