Reconciliation for gift card occurs when a gift card was purchased at one location but used at another. Let's take a look at an example of reconciliation for gift cards.
Configuration on parent
% of the price to transfer - This is the percentage of the service, product, or class value that should be transferred to the providing location from the location where a gift card was originally purchased.
- 5% of services
- 30% of products
- 20% of classes
The client bought a gift card at Franchise 1- Location 1.1 but used it to pay for a class, service and product at Franchise 2 - Location 2.1
- Price for service - $60
- Price for class - $70
- Price for product - $30
Service - 5 % x $60 =$3
Product - 30 % x $30 = $9
Class - 20 % x $70 = $14
Total to be transferred -> $3 + $9+ $14 =$26
This information can be seen in the Reconciliation Detailed Report which can be accessed by going to Dashboard > Reports > Reconciliation Detailed Report.
The system will debit (deduct) $26 from location 1.1 account and credit (deposit) $26 to location 2.1 account.