I Balance The Books, LLC’s Post

Do you sell gift cards or gift certificates to customers? 🌟Did you know that even though the customer may have given you $100 to add to the gift card, your business hasn’t earned the revenue yet? 🌟It’s now a liability to your business because you still haven’t provided the good or service to the recipient of the gift card. 🌟Sound confusing? Watch this short video for a quick primer on how to correctly account for gift card transactions. Got more bookkeeping questions? Book a Bookkeeping Office Hours session where you can ask questions like these and more! ➡️ https://lnkd.in/gADxAHMF #giftcards #bookkeeping #bookkeepingtips #virtualbookkeeper #entrepreneurlife #smallbusiness

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