Understanding Your Ending Liability

Ending liability can be reviewed from within your Gift Cards report. This can be found by clicking on Reporting & then Gift Cards from the home page of your Facilipay Dashboard.

The screen will display figures for the current month we are in. Starting Liability will be the liability value for the start of this period. 

You'll also see the Credited amounts going to card for this period, debited amounts coming off cards for this period as well as cards that have expired and are no longer valid during this period.

Using these pieces of information, we can calculate the ending Liability that is displayed. This specific figured is based off of the following calculation:

Starting Liability + Credited Value - Debited Value - Expired - Transfers Out

It is worth noting that changing the date range for the report will also reflect in the Starting & Ending Liability figures, allowing you to review historical data for accounting purposes