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Accounting, POS, and Integration

What if I already have a software program running my business?
You can use StickyStreet no matter what program you use as a Point of Sale, Management, Book-keeping, or Membership program. As long as the computer you're planning to use StickyStreet on has an Internet connection and a modern browser, you're good to go. You can run reports daily or for any period you need, and reconcile with your other software.

My POS program has card management, why use StickyStreet?
Many of our StickyStreet users already have some sort of gift certificate or gift card management as part of their current POS (Point of Sale) program. They choose to use StickyStreet instead because they can share accounts across multiple locations and because StickyStreet allows the card holder to access real-time balance and activity through the web, which creates a sticky factor for your web presence that many businesses love to have.

Do I need to setup anything on my P.O.S. system?
We recommend that you set up a payment method (alongside with other payment methods you accept, like Cash and VISA for example) on your point of sale system for each campaign you set up on StickyStreet to record sales paid for by customers redeeming their balances. Talk to your accountant as to how they would like to categorize such sales.

I don't have an accountant. How should I categorize payments with loyalty rewards?
Every situation is unique and often dependent on the capabilities of your book-keeping method/software. Most small businesses, however, will record payment by Points or other types of earned balances as a (marketing) expense. Depending in your country's tax laws, it may be beneficial to add an order of complexity, and account for the accumulated earned balances as a liability, and payment by those campaigns as a reduction in that liability.

I don't have an accountant. How should I categorize payments with gift cards?
Every situation is unique, and often dependent on capabilities of your book-keeping method. Most small businesses, however, will record Gift Cards sales as income right away, and thus should not record payments by gift cards as income too. In most cases, the payments should be recorded as a reduction in the "liability" constituted by the amount of gift cards balances outstanding -- a neat trick that may allow you to claim income received from Gift Cards sales as a liability for tax purposes, if your local tax laws allow it.

If you have the discipline, and depending on your state and country's finance and tax laws, we recommend you set-up a separate account for monies received from Gift Card sales as an asset in your books, and record each payment by gift card as income that then also reduces that asset -- this will allow you to properly account for both breakage (the percentage of gift cards never redeemed) and interest earned from the balance on the account.



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