Setting up consignment sales

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A consignment sale is a trading arrangement in which an owner (consignor) sends the goods to a seller (consignee). The seller pays the owner for the goods after the sale happens.

If your company is a consignor, do the following:

1. Go to Settings > Accounting settings > Sales.
2. In the Consignment sales section, select the Send goods on consignment checkbox.

This adds Accounts sales from consignees document to the Sales menu. You can use it to register goods sold by consignees.

If your company is a consignee, do the following:

1. Go to Settings > Accounting settings > Purchases/Warehouse > Inventory (products).
2. Select the Inventory accounting by batches checkbox.
3. Go to Settings > Accounting settings > Sales.
4. In the Consignment sales section, select the Accept consigned goods checkbox.

This adds Accounts sales to consignors document to the Purchases menu. You can use it to register goods sold on behalf of consignors.

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