QuickBooks Integration of Rewards Cards

Referral rewards are immediately credited to the referring customer’s credit memo account.  As such, in your General Ledger, it will be posted as a liability in your account that corresponds to our LiabilitiesStore Credits account. This will be offset by an expense in your account that corresponds to our Expense Referral Fees account.

 

Purchase rewards are not a true liability as they are only a promise of a future discount (one that can expire), similar to a coupon. As such, purchase rewards are not posted to the General Ledger until they are redeemed. When a customer redeems a purchase reward, it will be posted as an expense in your account that corresponds to our ExpenseRewards account. 

 

For more about mapping to QuickBooks, see the section entitled Mapping The Edge with QuickBooks Accounts

 

It is strongly recommended that you make an appointment with support@ajsllc.com to adjust your Edge/QuickBooks setup for the rewards program.