Use the following procedure to set up a Gift Card and a Merchandise Card SKU that you will use at POS whenever you sell a gift card or process a merchandise card.
In Department Maintenance, set up a unique department for Gift/Merchandise Cards.
Setting up a unique department is important because the sale of gift cards is not revenue, but rather a liability; therefore, you can associate the Gift Card department with a G/L liability account to which its sales are passed off.
In Inventory Maintenance, add the gift card and merchandise card SKUs using the following guidelines:
For Ace Gift Cards, set up SKU 9038191. For Ace Merchandise Cards, set up SKU 9069345.
For both SKUs you set up, enter N in the "Taxable," "Keep Prices," and "Discountable" fields on the Codes tab. Also on the Codes tab, set the Special Record field to M (Miscellaneous Item) to have the sale of a gift card recorded to non-merchandise sales.
If you set the option "Force Gift/Cash Card activation" (ID# 5980) to Yes, enter Y in the Gift Card SKU field. This field is accessible by clicking the Additional Codes Flags hyperlink near the bottom of the Codes tab.