Skip to main content
September 2, 2024
Question

I have a customer who purchased a gift card & added a $10 tip.I have already made the credit card transaction but have not done an transactions in qb online to record it.

  • September 2, 2024
  • 1 reply
  • 0 views
Because it was already paid for by credit card do I still do a sales receipt? How do I account for the $10 tip and is it necessary to do so?

1 reply

September 2, 2024

Hello there, @Lisamt.

 

Allow me to share some insights to help you on how to account for the $10 tip and what is necessary thing to do in QuickBooks Online (QBO).

 

Since your customer overpays a gift card or gives you a tip, you need to record the income, you can turn a customer overpayment or credit into a tip. To do so, here is how:

 

Step 1: Add an income account to track tips

 

  1. Go to Settings and select Chart of Accounts.
  2. Click New. Relying on your account view, you’ll either see a panel labeled New account or New category.
  3. Choose the option you see below for the next steps.

 

Step 2: Create a tip item

 

  1. Go to Settings ⚙, then choose Products & services.
  2. Select New, then non-inventory.
  3. Enter a Name, (ex: Tips)
  4. For the Income account, select the account you created in Step 1.
  5. Then Save and close.

 

Step 3: Record the extra money as a tip

 

If you haven't created a sales receipt in QuickBooks Online, you need to record it to accurately reflect the gift card purchase in your financial records and accounts. Here's how: 

 

  1. Click the Plus (+) icon, then select Sales Receipt.
  2. Select the customer's name.
  3. Enter a line under PRODUCT/SERVICES and choose the gift certificate you added.
  4. Add the gift card amount and the sales tax rate.
  5. Click Save and close.

 

However, if you already created a sales receipt for the gift card purchase you can edit the sales receipt and then add the line item for the $10 tip.

 

Moreover, I don’t want to leave you empty-handed here. I’m sharing this article that will guide you on how to sell and redeem gift cards or certificates in QuickBooks Online: Sell and redeem gift cards or certificates in QuickBooks Online

 

Keep in touch if you have any other concerns or need help with any QuickBooks-related concerns. Enjoy the rest of the week!