TaxOrNo wrote:But doesn't there have to be something to post against when they are redeemed?
TaxOrNo wrote:Bar/restaurant issued free gift cards prior to opening. I'm not sure how to handle these. One possibility is to DR-Promotions/CR-Gift Card Liability for the released cards. Then as they are redeemed DR-GC Liability/CR-Sales, treating them as a payment method just like cash or credit card. See problems with this? Or have a better way? I've researched the 'net and can't find any agreement in what I'm reading. TIA
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