Nevermind, I found it. At Thu, 31 Oct 2024 16:26:38 -0400 (EDT) Robert Heller <hel...@deepsoft.com> wrote:
> > > > 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 > > https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.deepsoft.com%2F&data%7C02%7C%7Cb39509d2f6724fb77abd08dcf9d30c58%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638659932071473882%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=1HUhh3FA%2FCZn5ctRqLkwgHjt9%2F1tgja2FgLhE1Txc%2Bo%3D&reserved=0<http://www.deepsoft.com/> > > -- Linux Administration Services > > hel...@deepsoft.com -- Webhosting Services > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data%7C02%7C%7Cb39509d2f6724fb77abd08dcf9d30c58%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638659932071529576%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=MDyfYMh7KLjgxJtjZaSli4dom8AtooAK5yGOPPD594c%3D&reserved=0<https://lists.gnucash.org/mailman/listinfo/gnucash-user> > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > > > > > > -- Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364 Deepwoods Software -- Custom Software Services http://www.deepsoft.com/ -- Linux Administration Services hel...@deepsoft.com -- Webhosting Services _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
