Page Comparison

EMP Coupon Characteristics and Accounting Treatment

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Table of Contents

1. Brief Overview
2. Setting / Configuration
3. /wiki/spaces/WMS/pages/32669773
4. /wiki/spaces/WMS/pages/32669777
5. Various Actions For Coupon
6. Full Life Cycle of Accounting Treatment for Coupon

Flow

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1. Please refer to Setting / Configuration

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Overview

• In EMP, coupon functions exactly like a normal Serialized Item Code, you can Receive coupon into EMP via GRN and Issue (Sale) a coupon. In addition, you can Redeem coupon as a Method of Payment (MOP) to offset an invoice.
• Unlike normal item code, coupon can expire once issued, if expiration date elapsed, customer would not be able to redeem it anymore.
• There are 3 different prices of the coupon which are independent from each other;
  • Face Value → this is the amount used as a Method of Payment (MOP) to pay (or Redeem) for an invoice. This price should NOT be modified once issuance of the coupon started
  • Selling Price → this is how much money you charge to customer if you sell the coupon as an item
  • Cost Price → this is the cost price of the coupon when you perform GRN to receive the coupon into EMP

System Flow

1. Setup configuration Coupon function in the EMP system → refer to Setting / Configuration
2. Create Direct Receiving Stock → to stock in the Coupon 
   • Select the coupon item code, item prices and key in the serial number Image Modified
     
     
3. Issuing Coupon Refer to Create Full Screen Cash Sale → to issue out the coupon
   • Key in the Coupon item and key in the serial number given
   Confirm and save the invoice. 
   
4. Customer perform Redemption of Coupon  Refer to under Full Screen Cash SaleSelect customer
   • Select
   itemSelect
   • Payment "other"
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   Customer is allow to redeem the voucher by providing the coupon serial number issued to them previously to offset with their bill payment.  
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NOTES:

• Please take note that user can receive coupon into EMP at ANY Cost Price, Issue (or Sale) coupon with ANY Selling Price, and Redeem with ANY Face Value
• Refer to the double entry on the coupon under Full Life Cycle of Accounting Treatment for Coupon

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