Restaurant gift cards

[BHoffman]

Got a new restaurant client who has paid some bills by issuing gift cards.

How do I record that? Got a debit to expense and where does the credit go?

Thanks for advice.

[JG EA]

An idea: Here is a site that tells what accounts to create:

http://support.microsoft.com/kb/928994

Although it is for the sale of gift certificates the principle may apply. You couldn't just do a straight withdrawal from food and the markup in income I wouldn't think because of sales taxes

[BHoffman]

Thanks again, JG EA.