Coupon Function

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 
     
     
3. Create Full Screen Cash Sale → to issue out the coupon
   • Key in the Coupon item and key in the serial number given
4. Customer perform Redemption of Coupon under Full Screen Cash Sale
   • Select Payment "other"
     
     
     
     

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