[Publib] The Cashless Library

[Mindy Kittay]

>From an accounting standpoint this is not a problem but it must show up in
the financial statements as a liability.  There may be some state rules as
to how long the money can remain on the card but I am not aware of them.  It
is very similar to a gift card in that way - gift cards are not generally
refunded nor do you need to notify a customer that they have not used their
gift card.

Mindy Kittay
Finance Director
Anythinklibraries.org

On Thu, Oct 1, 2009 at 2:28 PM, Dusty Gres <gresd at ohoopeelibrary.org> wrote:

>  Particularly with the idea of paying $20 and then having the remainder
> stay as a credit on the patron record I would advise you to check your
> state’s banking laws…
>
>
>
>
>
> Dusty Gres
>
> Director
>
> Ohoopee Regional Library System
>
> 610 Jackson Street
>
> Vidalia, GA 30474
>
> http://www.ohoopeelibrary.org
>
> "Common sense and a sense of humor are the same thing, moving at different
> speeds.
> A sense of humor is just common sense, dancing."
> William James
>
>
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