Southwest Airlines Jumping on the "Cashless Cabin" Bandwagon

In article , mrtravel wrote:

But there are also giant accounting headaches since you have to count
gift cards as a liability (you owe the person who has the card the
amount of the card) and not an asset until used. This is one of the
reasons behind the desire to have them expire. After expiration the
entire amount goes on the books as income.

In California gift certificates can not expire.

One out of 50. Contrary to the popular opinions of many Californians,
just because California says something it is not automatically reason
for the entire world to change (g).

Kurt Ullman wrote:
In article , mrtravel wrote:

But there are also giant accounting headaches since you have to count
gift cards as a liability (you owe the person who has the card the
amount of the card) and not an asset until used. This is one of the
reasons behind the desire to have them expire. After expiration the
entire amount goes on the books as income.
In California gift certificates can not expire.

One out of 50. Contrary to the popular opinions of many Californians,
just because California says something it is not automatically reason
for the entire world to change (g).

Well, it _is_ a reason for the entire world to change, but often they don't.

SMS wrote:

Kurt Ullman wrote:

In article , mrtravel wrote:

But there are also giant accounting headaches since you have to
count gift cards as a liability (you owe the person who has the card
the amount of the card) and not an asset until used. This is one of
the reasons behind the desire to have them expire. After expiration
the entire amount goes on the books as income.

In California gift certificates can not expire.


One out of 50. Contrary to the popular opinions of many Californians,
just because California says something it is not automatically reason
for the entire world to change (g).


Well, it _is_ a reason for the entire world to change, but often they
don't.

The point is that if they don't expire in California, they don't expire.
You don't have to be a Californian to use a gift certificate in California.

In message mrtravel wrote:

The point is that if they don't expire in California, they don't expire.
You don't have to be a Californian to use a gift certificate in California.

Conversely, companies not located in California aren't limited by
California law anyway, and many/most large merchants already outsource
their gift cards to external companies located in more friendly states.

In article , mrtravel wrote:


The point is that if they don't expire in California, they don't expire.
You don't have to be a Californian to use a gift certificate in California.

I'd be interested to know if that is for cards SOLD and USED in
California. Otherwise, I would think that there might be some interstate
commerce clause concerns.

DevilsPGD wrote:

In message mrtravel wrote:


The point is that if they don't expire in California, they don't expire.
You don't have to be a Californian to use a gift certificate in California.


Conversely, companies not located in California aren't limited by
California law anyway, and many/most large merchants already outsource
their gift cards to external companies located in more friendly states.

Wrong. Being located outside of California doesn't exempt you from
California if you are doing business in California.

DevilsPGD wrote:
In message mrtravel wrote:

The point is that if they don't expire in California, they don't expire.
You don't have to be a Californian to use a gift certificate in California.

Conversely, companies not located in California aren't limited by
California law anyway, and many/most large merchants already outsource
their gift cards to external companies located in more friendly states.

If the card is sold in California, it can't expire. It doesn't matter
the state where the company that produces or manages the cards is located.