Funbutler treats all vouchers as multi-purpose to ensure revenue and VAT are recorded correctly:
Selling a voucher:
When a voucher is purchased, it is recorded as a liability, not revenue.
VAT is not reported at this point.
Booking a package with a voucher:
Even if the package is paid in advance with the voucher, the liability remains.
Revenue is not recorded until the service is delivered.
Check-in and redeeming the voucher:
The liability decreases as the voucher is used.
Revenue is recorded for the actual services provided.
VAT is reported at the time the services or products are delivered.
Why it matters:
Ensures all transactions comply with EU accounting and VAT regulations.
Allows advance payments without prematurely recording revenue.
Lets you focus on delivering services while accounting is handled automatically.
Note:
Businesses are responsible for consulting with their accountant to ensure compliance with local regulations.
Since packages may include multiple products with different VAT rates, all vouchers must be managed as multi-purpose.