Hello, iam Tony Harness, I hope all goes well today.
How Do I Know If My Gift Card Has Revenue? [Solved]
The recognition of the sale of a gift card is straightforward. When a company sells a gift card, the cash it receives is recognized as a liability until the gift card is redeemed for goods or services. Upon redemption, then the company reverses the liability and recognizes the revenue.
Accounting for Gift Cards
Accounting for
gift card breakage revenue example
… percent of
Gift Cards (Deferred Revenue): How to Account them
Excel file: https://www.dropbox.com/sh/epoqyef0s6qg3ns/AAAWXNgBf5rpORx3lZF92Lsza?dl=0
