Loyalty Card Credit as Discount vs Tender

[QMcKay]

@silentbob

I have been thinking about giving free gift certifcates also.

The problem I see with this, in terms of accounting is that because you have not tendered any money for the GC, your sales report will be incorrect.

That depends on your point of view. I don’t consider a GC Purchase to be a Sale. It is exchange of money for a piece of paper, like a Credit Voucher. Yes, we receive money for it (or not) which we need to track for end of day Cashout reconciliation, but it is not really a Sale. The Sale comes later when the GC is Redeemed for actual Products.

@silentbob

Am i right in my thinking on this. For example if you have a voucher (or a gift certificate that has not been paid for) for €5 off something it should be thought of as a discount and reduce ticket total, not the remaining balance as it does now.

I suppose that is a matter of preference, and perhaps legality in your area. It is an interesting idea, because it could effectively skirt the amount of Sales Tax that you would remit.