Glossary
Cash back
Cash back is returning part of the purchase value to the customer, as cash or credit, after the sale is complete.
What it means for a shop owner
It encourages the customer to return because he sees credit waiting. Record the credit and its expiry clearly. It differs from a refund, since here the customer has returned nothing.
A worked example
You give 5 percent cash back. A customer buys 200 worth and gets 10 as credit for next time.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes