Posting Coupon Purchases and Redemption
I buy coupons and use them on purchases for my sales inventory. How would I enter a coupon purchase and its application to a purchase?
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dqLRlkur4r4yUOacwZ5xHE
02/06/12 4:03pm PST
Viewed by asker 02/09/12 5:38pm PST
Viewed by asker 02/09/12 5:38pm PST
5 Replies
Rustler
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02/06/12 4:05pm PST
You enter the actual amount paid for the items, the coupons are not booked separately
If I've helped, mark it solved.
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My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
02/06/12 7:22pm PST
Thanks for your very quick reply. Would the cost of the coupon post to an expense type account? What item type?
02/07/12 4:03am PST
Ahh shoot I am sorry I missed that completely, you buy coupons!
Can you explain that? Do you buy them from the vendor? from somewhere else?
how does it work, you spend $10 for a coupon worth ? as a discount
02/09/12 10:49am PST
I buy them from private parties. I might spend $5 for a coupon worth $30 and apply it to a purchase from the vendor.
02/09/12 11:09am PST
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I'm going to ping a CPA to take a look at this problem
as I see it, and I am not a CPA, the Five you spend in an expense, the 30 you get is an income and should be booked to a "coupon" bank account, then when you enter the bill you use the coupin bank account to write a check for that amount, and pay the balance
hang tight
