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Postage Stamps

  • Friday, March 25, 2011 3:34 AM
    Message # 553023
    How does anyone sell postage stamps in their shop?  About 6 years ago we had a postage stamp machine installed, but now we cannot get a response to the 1-800 number to refill it.
  • Sunday, March 27, 2011 11:14 AM
    Reply # 555269 on 553023
    We purchase postage stamps in bulk from the Post office and sell them in books of 20.  The expense is assigned to a "virtual inventory" general ledger (GL) code rather than to our merchandise for resale GL because this is a service item.  (Same for movie tickets!) We post them into the point of sale inventory in a specific department and use the current UPSO SKU as the item number.  We do not charge extra for them.  This is a benefit/service to loyal customers (employees) and a way to get folks into the shop.  We scan the SKU on the 20-stamp books at the register.  We reconcile our sales to the GL expense to be sure we account in audit-fashion for every stamp sold.  Susan Hester - WakeMed in North Carolina
  • Monday, March 28, 2011 8:38 AM
    Reply # 555891 on 553023
    Deleted user
    We do sell them in our Gift Shop at face value.  We purchase in bulk from the post office and sell them in singles or books of 10.  This is a service much appreciated by our employees.
  • Tuesday, March 29, 2011 9:17 AM
    Reply # 556812 on 553023
    Deleted user
    Our gift shop does sell stamps.  The shop buys them on rolls and sells them as individual stamps.
  • Wednesday, March 30, 2011 10:42 AM
    Reply # 557647 on 553023
    Same for us.  We purchase sell individually through gift shop as empl benefit.  No extra charge though many shop do round up to 45 cents.

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