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Hello,
My client had to move their offices to a new location and had help from some employee's spouses. In order to thank them they gave them visa gift cards. How do I enter that on Quickbooks? Is it still a liability or should I enter it as an expense?
Thank you ! :)
Solved! Go to Solution.
Hello there, @Mebs1.
I'm here to help you handle the customer gift cards in your account.
First off, you'll need to create a liability account called "Gift cards". Then, create a service item using the same account selected as the income account named gift card. With this, you can track the amount in that account. You can follow the steps below:
Once done, create a service item for the gift certificate that we will link to the account previously created. Here's how:
Then, you can now create a sales receipt for the GC you're going to give to your customers.
Now, you can create an invoice to redeem the gift certificate. Here's how:
See this article to learn more about handling gift certificates in QBO: Sell and Redeem Gift Cards or Certificates in QuickBooks Online
Don't hesitate to reply anytime if you still have questions or concerns with gift cards. I'm more than willing to assist you. Take care and have a good one.
Hello there, @Mebs1.
I'm here to help you handle the customer gift cards in your account.
First off, you'll need to create a liability account called "Gift cards". Then, create a service item using the same account selected as the income account named gift card. With this, you can track the amount in that account. You can follow the steps below:
Once done, create a service item for the gift certificate that we will link to the account previously created. Here's how:
Then, you can now create a sales receipt for the GC you're going to give to your customers.
Now, you can create an invoice to redeem the gift certificate. Here's how:
See this article to learn more about handling gift certificates in QBO: Sell and Redeem Gift Cards or Certificates in QuickBooks Online
Don't hesitate to reply anytime if you still have questions or concerns with gift cards. I'm more than willing to assist you. Take care and have a good one.
Thank you so much for your help!!
You're always welcome, Mebs1.
I'm happy to hear that my colleague was able to help you handle the customer gift cards in your account.
Feel free to reach out to us again if you need help with anything else. Have a wonderful day!
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