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To: Randy Ellingson who wrote (37469)	1/28/1999 5:14:00 PM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

Thanks, Glenn. That's very helpful. I had raised that possibility on the YHOO thread, and someone came back with a "no" answer to that. They (hg) said that redeemed gift certificates could be balanced against decreased inventories. Which I don't understand, but I'm still not very versed in many of these business concepts. Can you elaborate at all? Randy, The person on the YHOO thread does not understand retail accounting. Gift certificates are cash on hand (in the bank) as an asset and is offset by an equal liability in a customer deposits account. When redeemed, a sale is logged and the customer deposits account is credited. It goes in as sales then. Glenn