Retail
Customer Loyalty Points (Revenue Deferral)
Allocating a portion of a sale's price to the loyalty points earned by the customer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 100.00 | - |
| Sales Revenue | Revenue (+) | - | 95.00 |
| Contract Liability (Loyalty Points) | Liability (+) | - | 5.00 |
💡 Accountant's Note
Under IFRS 15, you cannot recognize the full $100 as revenue if the points have a value. You must 'defer' the portion representing the points until they are redeemed or expire.
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