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    You also need to look at the flow of money into your bank account to understand how to set up your journal entry.
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    Download 941 office online paymentThe sale is recorded when the gift certificate is redeemed for goods and services.
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    You can find the details of the settled transactions on the bottom of your daily closeout report for the previous day's sales.
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    The sale is recorded at the time of redemption and the gift certificate redemption is the payment method.
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    Download 941 office online paymentThe report you want to run from MINDBODY that best summarizes your daily sales and payments is the 'Daily Closeout' report.
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    Download 941 office online paymentThe gift certificates account should be set up as an other current liability and credited for gift certificate purchases in this section.
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