If you pre-sell bingo gift certificates and have a separate deposit outside the bingo session for the purchased certificates, follow these steps:
Enter a bingo deposit against any paper at that premise that is in their inventory in order to create a fictitious session.
To audit the session;
Enter the # of paper sold number so it results with the Gross Receipts equaling the deposit applied against the session.
Under the Lost/Ruined column, enter the same number of sheets but as a negative number so the total number of sheets impacted from the two columns will be zero.
Complete the audit screen with no prizes awarded and verify the Long/Short value = $0.00. Then SAVE.
The result should end up where there is no negative impact to your sheet count, so your physical inventory will be the same. This fictitious session will only have gross and net receipt numbers (no prizes) numbers and that number should equal the deposit. Your Schedule A will therefore include this session and you’ll correctly pay taxes against this amount.
Later, when these gift certificated are redeemed, the amount will be entered against Coupons within the bingo audit screen and will therefore reduce the net receipts for those future sessions - therefore reducing the taxes since they were already paid via the original fictitious session.