Buying and Selling Consignment Items

When a customer buys a consignment item, put it on a work order and complete the invoice as usual. The sale will reduce the item’s available quantity.

Note: The available quantity is established by putting the consignment item on a receiving document that is never priced. For more information, see Setting Up a Consignment Item.

When the vendor comes back to your store to replenish the item, put it on a receiving document, change the quantity to the number sold, and price the receiving. This process increases the item’s available quantity and creates a payable for the vendor. Once a consigned item is purchased from the vendor, its cost posts to the general ledger and is included on sales reports.