Gift Cards

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Gift Cards

Gift Cards: Sold by retailers to be used as an alternative to a non-monetary gift.

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Gift Card Setup.

1. Create Gift Card Control Account

In the GL Accounts Setup, add an account named Gift Card Control.

Set the account type to Liability Current.

The Gift Card Control account will show the amount of outstanding gift cards.

 

2. Add Gift Card Stock Group

Add a Stock Group named Gift Card. See image below.

Set the Cost and Sales Account to the Gift Card Control account created in Step 1.

 

Invoice_Gift_Card_Stock_Group

 

3. Add a Gift Card Stock Item

1. Add a Stock Item:

Name the stock item (e.g., Gift Card).

 

2. Configure Additional Info:

Set VAT to Not Applicable.

Select the Gift Voucher checkbox (this ensures the program will prompt for the Gift Card number when sold).

Select the Service Item checkbox.

 

Gift Card Number.

Pre-print the Gift Cards with unique numbering on each card.

When a gift card is added to an invoice, an exclamation mark will appear in the row selector, indicating that you need to click the plus (+) sign next to the row selector to enter the gift card's number. see image below.

 

Gift Card Number

 

Selling the Gift Card

Journal entries when selling the gift card:

Debit the Cash Control (if the customer paid cash).

Credit the Gift Card account.

 

Using the Gift Card

Invoice Payment:

Enter the gift card number and amount on the invoice payment tab.

During the Daily Cash Up (Process Daily Close), ensure the Gift Card amount is posted to the Gift Card Control Account.

 

General Ledger Enquiry

The outstanding amount in the Gift Card Control account will reflect the amount of outstanding gift cards.

 

Gift Card Lookup

Use the look-up feature to get a list of all sold and outstanding gift cards. This includes both Promotional Vouchers and Gift Cards.

 

Go to Invoice > Voucher & Gift Cards

Bulk VouchersClearRefreshInvoice_Gift_Card_Lookup

 

Right-click actions on the Gift Card Lookup


Copy Voucher Number to Clipboard

Copies the selected voucher number.

Delete Promotional Voucher

Permanently removes a promotional voucher.

Cancel a gift card.

.

Cancels the selected gift card.

Used when the gift card was never redeemed.

Journal Entries: Debit the Gift Card Control account and credit the Sales account.

Expire / Set Expiry Date to Yesterday

Marks the card as expired immediately

Un-expire / Set Expiry Date to 3 Months In  Future

Restores validity for an additional 3 months

Open Audit

Displays the audit trail for the selected gift card.

 

 

http://bit.ly/SiGiftCards

Keywords: Gift Card Lookup,Gift Card Setup