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andylake
Level 1

I require help with dropshipping using discounted giftcards purchased with bitcoin.

How do i link everything together. Here is a flow... online shop > purchase bitcoin > buy discounted giftcard > buy product with gift card > send to customer. Many thanks in advance
1 Comment 1
Nick_M
QuickBooks Team

I require help with dropshipping using discounted giftcards purchased with bitcoin.

Hi there, andylake. 

 

Thanks for dropping by the Community, I would suggest setting up your gift cards as items under Cost of Goods Sold (COGS.) Use Non-inventory as the type of item. Doing this will track both sales and the purchase accounts assigned to the Gift Cards. Here's how:

  1. Go to the Gear icon.
  2. Under Lists, select Products and Services.
  3. Click New.
  4. Click Non-inventory.
  5. Enter the necessary information and make sure to enter an Cost of Good Sold account as your account.
  6. Select Save and close.

COGSSSSSS.PNG

 

You can find additional information on dropshipping and the process at the following link: The Complete Guide to Dropshipping

 

If you have any other questions or concerns, feel free to post down below. Thank you for your time and have a nice evening. 

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