What would be the entries for issuing a donated gift card as well as for the recipient (customer) redeeming it on a purchase (invoice) which needs to have a receive money entry or a clearing account entry i.e. Shopify?
I have found the post for selling Gift Cards, but this is donated through Shopify, so $0 income.
There was a post on donated gift cards which has been archived.
Cheers
Robert
Hi, Greenvalley1. Thank you for your post.
Regarding the accounting entries for donated gift cards, we advise to coordinate with your accountant to determine the appropriate handling of expenses or income in this scenario. They can provide tailored guidance based on your specific circumstances and accounting practices.
In addition to that, you may check this Help Article: Adding, editing and deleting accounts
If you have any further questions or need additional assistance, please don't hesitate to ask.
Best regards,
Hannah
