As Gift Cards are sold the amount of that sale (value of the gift card) is added to the Gift Card Liability that location holds. It is called liability because the location is paid upfront for store credit (liability) which they must honor when the card is presented for purchase.
Among Enterprise Groups with more than one location, in some cases (particularly when there are franchises) each location holds its own liability for the Gift Cards it sells. However, because the cards are valid at all locations, it is possible that the card is redeemed at a store that was not paid upfront and does not own that liability. Primarily in the case of Franchises, the Parent Group may require each location to reconcile among each other what is owed to each for honoring Gift Cards they did not sell originally. This is called Liability Transfer.
The Gift Card Liabilities Report is available to help determine what Liability Transfer is occurring within the organization between locations as Gift Cards are redeemed at stores that do not own that liability.
The purpose would be to determine how much each location owes each other location for any given period of time.
Affected Store - This is always the location you are filtered to in the report as it is the one that will either owe or be owed.
Original/Purcahse/Add Value Store - This is the store the owns the liability from the original purchase
Redemption Store - This is the store that accepted the card to redeem its value (that may be owned by another store).
How to Read:
The Redemption Store is always owed the amount for accepting the Original Stores gift card and honoring that liability.
1. 55 BG is the Original Store, so it owns the liability from the purchase of that gift card. The card is redeemed at 05-BR making it the Redemption Store. 55-BG is Affected Store because it must pay the other store.
Result: 55-BG owes 05-BR $9.22 to repay them for honoring store credit 05-BR did not own.
2. 56-AG is the Original Store and owns the liability from the Purchase of that gift card. 56-
Result: 56-AG owes 55-BG $10.39 to repay them for honoring store credit 55-BG did not own.