Thanks for reaching out to us, @Steven_ZA.
I have some information about recording your gift cards. In your case, using a clearing account is one way to offset the balances of your accounts. See this guide for details.
For other ways of recording it correctly, I recommend consulting with an accountant. Refer to our site to look for accounting experts: Find an Advisor.
In case you want some information about the gift card liability accounts, feel free to run a report. Here's the link to guide you through: Run Reports in QuickBooks Online.
I'll be here if you still have questions or concerns with gift cards. Don't hesitate to reply. Have a good one.
