[GNC] Questions about how to handle Gift Certificates

[Mark at Lorimark]

Hi Robert,

Excellent question!  I didn't have the answer, but thought I'd google 
it, and this is what I found;

> https://www.accountingtools.com/articles/accounting-for-gift-cards-gift-certificates

Hope that's helpful.

~mark petryk
~w:http://www.lorimarksolutions.com

On 10/31/24 12:38, Robert Heller wrote:
> I have a small service-oriented business, and I am looking to sell "Gift
> Certificates" that could be redeemed for future service.
> 
> I am not sure how to account for them with gnucash.  I think I should some
> sort of account (Liability?) for the sold Gift Certificates, but I am not sure
> how to account for them when I issue invoices (and  process payments) in the
> future.  I wonder if there is some wisdom out there on the gnucash-user
> reguarding handling Gift Certificates.
>