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Setting Your Voucher as either Single Use or Multi Use

Marking your voucher as either single use or multi use is important as it is factored into your tax reporting and also how customers can use their voucher

You can read exactly how to set up a Voucher in this article here.

 

1) Log into your Business Portal over on loylap.com. Then you'll want to click on Inventory and then Products.


Inventory Products-1

2) Find you Experience Voucher within the Products list. This can be searched for using the search field at the top of the page. Once the item has been found then click on the item itself.

Monetary Voucher

 

3) This will present to Product Details menu. The option you are looking for is the 'Is it a Revenue Based Product?' This question is asking is this voucher designed to be redeemed against a particular product / service (Single Use Voucher) or is this voucher to be used for any amount at customer leisure (Multi Use Voucher) . You can read more about accounting terminology here. The Example Below shows a Monetary Voucher, which is considered non revenue to the No option should be selected.

Is Revenue No

Then just click on Save in the bottom right hand corner.

4) For Vouchers that are Experience Focused and designed to be Single Use, such as an Afternoon Tea. You'll want to make sure that 'is monetary' is not ticked and that 'Is it a Revenue Based Product?' is marked as Yes.

Is Revenue Yes