Gift Certificates and QB

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   Anyone know how gift certificates are handled by QBsync? I have been experimenting with our 3.11 install and won't use until we upgrade next year but I don't follow how Gift Certificates will be handled with QBsync. 

When we sell a GC, I would think the revenue would post to a short-term liability account until applied to an order. No sales tax YET, if applicable. When used, sales tax should compute on the pre-GC total and the amount of GC applied should reduce the short-term liability. I don't see how that will happen if the GC transactions are lumped with discounts. 

Anyone else has concerns/solutions to this? Thanks, Alan

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sdalan Members Profile Send Private Message Find Members Posts Add to Buddy List Groupie Joined: 10-August-2006 Status: Offline Points: 0	Post Options Post Reply Quote sdalan Report Post Thanks(0) Quote Reply Topic: Gift Certificates and QB Posted: 06-December-2010 at 1:21pm
	Anyone know how gift certificates are handled by QBsync? I have been experimenting with our 3.11 install and won't use until we upgrade next year but I don't follow how Gift Certificates will be handled with QBsync. When we sell a GC, I would think the revenue would post to a short-term liability account until applied to an order. No sales tax YET, if applicable. When used, sales tax should compute on the pre-GC total and the amount of GC applied should reduce the short-term liability. I don't see how that will happen if the GC transactions are lumped with discounts. Anyone else has concerns/solutions to this? Thanks, Alan