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A
AQCReno
November 1, 2021
Question

Using a Gift Card to pay for expenses

  • November 1, 2021
  • 1 reply
  • 0 views

We receive gift cards from a supplier for purchasing a certain amount of items with them.

Can we & how can we add these gift cards to be used towards our expense purchases? 

 

Basically we want to put the gift card into the company and use it instead of our company money towards expenses. 

 

Thanks

1 reply

H
Henock K
November 2, 2021

Hi AQCReno,

It's essential to record your transactions the correct way to maintain the balance of your books. QuickBooks Online is a great program that offers the ability to simply track your sales and expenses. I'll be glad to point in the right direction regarding setting up of a Gift card.

To ensure accuracy in your books, I recommend contacting an accountant professional as they have the ability and knoweldge on how to set up the Gift card account.

If you don't have an accountant, you can find an accountant near you by clicking on the My Accountant tab on the left navigation menu > and then Find a pro to help.

Let me know if you have any questions, I'll be happy to help.

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