Revenue from Gift Cards Redeemable for Both Goods and 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the Award ID, Project ID, and Date fields. Ensure that these details are accurate as they are crucial for tracking your replenishment request.
  3. Next, enter the Smartkey and Study IRB Number. These identifiers help maintain compliance with research protocols.
  4. In the Gift Card Custodian section, provide your name and title. This identifies you as the authorized custodian responsible for managing gift card distributions.
  5. Review the Replenishment Checklist carefully. For each item, mark 'Yes' or 'No' based on your compliance with the requirements. Add comments if necessary to clarify any points.
  6. Finally, complete the Certification section by printing your name, title, and signing. This certifies that all information is correct and adheres to institutional policies.

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Resale: Many companies purchase gift cards at a discount and then resell them at or near face value. This allows them to profit from the difference. They might sell these cards through online platforms or physical retail locations.
FAQ about properly recognizing gift card revenue When a gift card is sold, you recognize a liability (unearned revenue). When its redeemed, you recognize revenue and reduce the liability.

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