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Redeeming Gift Certificates

I used to know this but I sold some gift certificates over the Christmas season. Created a liability account when I received the money. Now I don't know how to redeem them and transfer the money from my liability account to accounts receivable. Basically don't know how to receive the payment. Anyone have experience with this? I'm using QB 2004 Premier.

Thanks.

Reply to
Andrew Rolfe
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When a customer redeems the certificate record the sale as you normally would. Then enter a credit against the receivable and offset the gift certificates liability account .

Reply to
Allan Martin

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