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Sample Gift Certificate letter Form: What You Should Know
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Video instructions and help with filling out and completing Sample Gift Certificate letter
Instructions and Help about Sample Gift Certificate letter
Hey it's Candace and in today's quick looks tips and tricks we're going to talk about gift certificates how do you set them up and what you do with them so the first step is going in to your items list because when you sell a gift certificate it is not considered income to you until you prthe product or service that the gift certificate readings right so the moment you sell the gift certificate it's actually considered a liability to you so what you're going to do is you're going to go under lift items list and you're going to go to the bottom and you're going to create a new item and that item is going to be an other charge you can choose a name or a number that you give all of your items in this example I just did gift certificate to keep it simple I'm not going to worry about a description if you want to put a description in there you can that will populate on the invoice and then I'm going to leave the amount as zero unless you always sell the gift certificate for a specific amount the tax code I'm going to leave is non-taxable because when somebody buys from you you don't know what they're going to redeem it for and when they redeem it that's when it becomes a taxable item so the account we are going to use is actually going to be an other current liability and we are going to call it a gift certificate gift cards whatever you want to title that I'll show you what that looks like I'm going to add a new account and you're going to call it an other current liability and you can choose to call it gift...