| System of record | A single ledger - every issue, redemption, partial spend and expiry timestamped against the staff member who actioned it. | A spreadsheet, an A4 diary, a Word doc, or the “notes” field on a booking. Each shop tracks vouchers a different way. | Reconciliation is impossible without one source of truth - every dispute becomes a forensic exercise. |
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| ACCC three-year minimum expiry | Enforced at issue. The system rejects expiry dates shorter than three years before the voucher is created. | Whatever the staff member writes on the voucher - typically twelve months, which has been a breach since 2019. | Penalties are up to $50,000 per voucher under the ACL. Enforcement happens at the point of issue, not at audit. |
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| GST treatment | Non-face value recognised at sale; face value deferred to redemption. Classified once at product setup, applied automatically thereafter. | GST recognised at sale on every voucher - or not recognised at all until redemption, depending on who staffed the till. | Misclassified GST surfaces two years later in an ATO review. Voluntary disclosure is cheaper than an audit. |
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| Outstanding liability | Live tally of unredeemed value, ageing buckets, and expected breakage. Available to the accountant on demand. | Estimated quarterly by counting paper stubs, then plugged into the balance sheet as a round number. | Outstanding voucher liability is a real obligation under AASB 15 - it sits on the balance sheet, not in a folder. |
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| Partial redemptions | Balance updates in real time, visible to reception and the buyer. Remaining value is itself a redeemable voucher. | Crossed out by hand, or simply forgotten. A $200 voucher gets used twice and the second use is a write-off. | Partial-spend leakage compounds - small businesses routinely lose four-figure sums each year to double-redemption. |
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| Audit trail | Every state change is logged with user, timestamp, IP and device. Exportable as CSV for the accountant or a dispute. | Whoever last touched the spreadsheet. Version history is the email thread. | When a customer claims a voucher was never redeemed, you have minutes - not days - to prove otherwise. |
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| Xero & QuickBooks sync | One-click sync. Deferred revenue, redemptions and breakage post as discrete journal entries. | Manual journal entries at quarter-end, reconstructed from a spreadsheet whose formulas no one trusts. | An hour a quarter beats a day a quarter - and the entries are right the first time. |
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| Online sales | Branded storefront, available 24/7 to interstate buyers. Buyer never sets foot in the venue. | In-person only, or a Stripe link emailed back-and-forth with a voucher attached by hand. | Most vouchers are bought by someone who doesn’t live near the recipient - a storefront is the only way to capture that demand. |
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