Restaurant
Customer Loyalty Points Earned (Revenue Deferral)
Deferring a portion of a sale's value for loyalty points earned by the customer at the time of purchase.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand | Asset (+) | 116.00 | - |
| Food Sales Revenue | Revenue (+) | - | 95.00 |
| Sales Tax Payable (VAT) | Liability (+) | - | 16.00 |
| Loyalty Points Liability | Liability (+) | - | 5.00 |
💡 Accountant's Note
Under IFRS 15, if points have a standalone value, you cannot recognize the full revenue at time of sale. The points portion is deferred as a liability until redeemed or expired.
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