Gift Voucher Inventory Items

Inventory items for gift vouchers

Create an inventory item for the gift vouchers that you sell. Select the sales tax code that is applicable to these vouchers. Create a sale account that is used to record the revenue gained by selling the vouchers. Enter the price excluding tax that the voucher is sold for.

Inventory Item : Gift voucher

Create an inventory item for the gift voucher redemptions that customers may make. Select the sales tax code that is applicable to these redemptions (it should be the same sales tax code as for the voucher). Create a sale account that is used to record the redemptions of vouchers. Set the price excluding tax as a negative number to indicate that this is a redemption of a prior purchased voucher.

Redemption

Create any other inventory items that you need for your products and services that you sell.

Treatment