Forum Message

How to record free gifts

I own an online shop and often run promotions where I give 'free gifts' on orders over a certain amount. I also run prize draws where I give away a 'free' prize. How would I record these transactions?


Posted by Sarah on Feb 22, 2011 11:05 AM GMT

Hi Sarah,

There is no need to record the 'free' element of the transaction - only record Sales Income when you actually receive money.

Regards,


Posted by Mark McLaren (Solar Accounts) on Feb 22, 2011 2:03 PM GMT