x
Beta Member

Reporting for "comped" gift cards

Hi there! We regularly donate gift cards to local charity raffles, and we give them out as prizes for our weekly trivia. I "comp" them in our system when I load the value onto the cards.  My question is, when those gift cards are used, does the sale record as a regular sale?  Or does it record as a discount/comp?  I want to make sure we're not counting those sales as income, but I'm having a hard time to see how it's recorded in our daily sales summary.  Thanks for your help! 

709 Views
Message 1 of 2
Report
1 REPLY 1

Hello @roughdraftny, that's a good question! 

 

So when you comp a gift card that sale will show as comped on your Square Dashboard. When the recipient comes in to redeem the card, it will show as a sale on your reports. I recommend writing a note on these gift cards so you can filter them on your transaction list. 

 

If you still have questions please let me know! 

701 Views
Message 2 of 2
Report