THE ROLES OF GOOGLE GIFT CARD AND GOOGLE WALLET IN ACCOUNTING AND BUSINESS
The main purposes of this paper are to explain the business process that occurs in Google Gift Card and Google Wallet; the accounting treatment for the type of transactions, the issues that are related to the transaction in Google Play Store, in-app purchase and the use of Google Gift Card, and the effects of Google Gift Card and Google Wallet in business process. We do the library research in order to achieve the objective of this study. Google Gift Card is a Business-to-Consumer e-Commerce model based on online transaction process system. The balance of Google Gift Card itself is integrated with Google Wallet. Accounting treatment for Google’s revenue from Google Gift Card refers to IFRS 15 according to Ernst & Young’s and Deloitte guidelines; PSAK 23 according to Indonesia’s statement of financial accounting standards. The issues that occur related the use of Google Gift Card are overbilling, age restriction, overpricing, tax, and accounting issues for seller. Besides of those issues, Google Gift Card is one of the new methods that provides convenience in making payment.
Keywords : Google Gift Card, Google Wallet, issues, accounting, IFRS, PSAK.