Published Last updated Written and reviewed by the Resale Intelligence team
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Not yet. A consignment type exists in the data, but no screen to take goods in, sell for the customer and pay out. Don't record consigned goods as a purchase.
Consignment is when a customer leaves goods with the store to sell for them. The goods still belong to the customer; when they sell, the store keeps a fee or a share and pays the rest to the customer. The short answer: the system cannot record consignment yet.
Why consignment must stay separate from buying
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Ownership: consigned goods still belong to the customer, while bought goods belong to the store at once.
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Money: the store pays nothing when it takes consigned goods, but owes the customer after the sale.
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Profit: the store's income is its fee or share, not the sale price minus a purchase price.
Record consigned goods as a purchase and the cost, cash and true profit all go wrong. That is why the system treats consignment as a different kind of transaction from buying.
What the system has today
The data structure already has a consignment document type and a "consigned" item ownership, but there is no screen or process yet to take goods on consignment, sell them for the customer and pay the customer out. So it cannot be used in practice.
Why it is not open yet
Consignment needs an agreement with each customer: a minimum price, how long the item stays on sale, the fee, and paying out after the sale. That part has not been built, and there is no opening date.
What to do meanwhile
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Don't record consigned goods on the purchase screen.
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Keep a separate record of consigned goods outside the system until it opens, for example a consignment slip the customer signs.
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If the store decides to buy the item from the customer, record a normal purchase at the price paid, because from then on the store owns it.
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For how other deal types differ, see Pawn, redemption sale and buying: the differences.