How to offer gift cards and store credit
Gift cards and store credit boost sales but are a liability until redeemed — so they must be tracked properly. RushFlow issues and redeems them at the POS while posting the accounting correctly, so the liability and income are always right.
The problem
Gift cards tracked on paper get lost, double-spent or mis-accounted.
- Untracked balances
- Double redemption
- Wrong accounting treatment
The approach with RushFlow
Issue and redeem gift cards and store credit with balances tracked and accounting posted as a liability that relieves to income on redemption.
- Gift cards and store credit
- Balances tracked per customer
- Redeem at POS as tender
- Liability-to-income accounting handled
Frequently asked questions
Can I sell gift cards and store credit?+
Yes, and redeem them at the POS, with balances tracked and the accounting posted correctly.
Are gift cards treated as a liability?+
Yes, an unredeemed balance is a liability that relieves to income when redeemed.
Can store credit come from a return?+
Yes, store credit is supported and tracked per customer.
Is double-spending prevented?+
Yes, balances are tracked so they cannot be over-redeemed.
Run your entire business on RushFlow
POS, inventory, accounting, branches, team and an online store — one connected system.