Why is my gift card liability account in Xero so large?


Latest update: - Lucia Palozzi

Setup

  • Vend for Mac or PC
  • Xero integration

Answer

When you sell a gift card, your gift card liability account is credited. When a gift card is redeemed, your gift card payment type account is debited to offset the liability. The gift card liability account will continually be credited overtime. 

Additional Information

To compare your gift card payment and liability account, view the account transactions report