Easify Forums

Re: Gift Vouchers

Hi Thrifty,

I'd suggest creating a product called, for example, 'Gift Voucher £10' with 0 cost price and retail price and has stock control disabled. When it comes round to redeeming the voucher, enter the product onto the order then change its price (using the F6 Key in POS screen) to -£10.00.

Just in case you didn't know already, you could create your own vouchers, complete with barcode, by using a word processor. To create the barcode, type the product code in and change its font to 3 OF 9, this is the barcode font Easify uses by default.

The ability to use and possibly create vouchers will be reviewed for a future update of Easify.

Re: Gift Vouchers

Just thought I'd follow up on this in case it useful to someone else.

found this on HMRC website

http://www.hmrc.gov.uk/vat/managing/cha ... -etc.htm#4

"Coupons and vouchers

Money-off coupons

Money-off coupons, vouchers or similar, offer customers a discount off a future purchase. If you give them free at the time of a purchase, no VAT is due, but if you sell them for a discount, VAT is due on the price charged.

When your customers redeem money-off coupons, VAT is due only on the additional amount, if any, that the customers pay you.

Face value vouchers

Face value vouchers have a monetary face value. These are used instead of money for a future purchase. If you sell them at or below their monetary value, no VAT is due.

When a customer redeems a face value voucher, the transaction is treated as though the face value voucher was cash, and VAT is due on the full value of the transaction. If you can show the voucher had been sold at a discounted amount, VAT is due on the discounted value, rather than the face value of the voucher.

If you give away face value vouchers and redeem them for no further payment, the goods purchased are usually treated as if they were free gifts for VAT purposes."

So if I read this correctly then;

I create a Product e.g. £10 Gift Voucher and have it ZERO rated for VAT. and sell it to the customer.

When the Gift Voucher returns and is presented at the till it is treated as cash and entered under the "Other" payments option.

A lot simpler than I thought it would be 

Re: Gift Vouchers

That is indeed another way of treating gift vouchers in Easify   Thanks for posting the link Thrifty!