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Greenvalley1's avatar
Greenvalley1
2 years ago

Donated Gift Card entries in Shopify.

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There was a post on donated gift cards which has been archived.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

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  • Hannah_V's avatar
    Hannah_V
    Former Staff
    2 years ago
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    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 

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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There was a post on donated gift cards which has been archived.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

","body@stringLength":"433","rawBody":"

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There was a post on donated gift cards which has been archived.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

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Donated Gift Card entries in Shopify.","moderationData":{"__ref":"ModerationData:moderation_data:862691"},"body":"

Hi, Greenvalley1. Thank you for your post.

\n

 

\n

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.

\n

 

\n

In addition to that, you may check this Help Article: Adding, editing and deleting accounts

\n

 

\n

If you have any further questions or need additional assistance, please don't hesitate to ask.

\n

 

\n

Best regards,

\n

Hannah 

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Hi, . Thank you for your post.

\n

 

\n

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.

\n

 

\n

In addition to that, you may check this Help Article: Adding, editing and deleting accounts

\n

 

\n

If you have any further questions or need additional assistance, please don't hesitate to ask.

\n

 

\n

Best regards,

\n

Hannah 

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