![]() ![]() You act as agent in transaction? If yes, then net revenue reporting.You act as principal in transaction? If yes, then gross revenue reporting.As we reflect on the lessons learned from this, it begs the question: What should you think about when reporting your revenues at gross vs. Why? The SEC required Groupon to report its revenues at net proceeds (the amount a merchant actually pays Groupon to run an ad) instead of gross proceeds (the total out of pocket amount a customer actually pays to Groupon for an online coupon, which includes the merchant’s share). In the midst of the buzz around the Groupon IPO in the last half of 2011, Groupon was forced to restate its pre-IPO revenues to nearly half of what was previously reported at the request of the SEC. Family Wealth & Individual Tax Planningīy Sarah Dryden, CPA, Senior Audit Manager.You can find our contact info on your voucher or the deal page or here.Lessons from Groupon: Does Gross vs. ![]() If you try these tips and still have trouble, please try contacting us directly. Be sure to check the Fine Print for these details. Shipping costs may not be covered by your Groupon.You might see the full price for your item before you enter the code.Codes are case-sensitive unless the merchant indicates otherwise.Look for a box marked “Coupon Code,” “Groupon Code,” or similar, and paste in your redemption code.Tips for Checking Out on a Merchant's Site Additionally, make sure you're using the exact website listed under the "How to Use" section of your voucher. If you're having trouble completing your order, try using a computer instead of your mobile device. Tip: If you see something other than the merchant's website, such as "Present your voucher upon arrival," see How to Use a Groupon. The instructions listed in the "How to Use" section of the voucher will provide the website URL and the steps necessary to use your individual code. Your redemption code will be listed below your voucher's barcode or under "Redemption Code.".To do so, you'll use the redemption code provided on your voucher. Some Groupon offers require you to complete your purchase on the merchant's website. ![]()
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