• Registered: 03/28/2012
  • Posts: 10

Topic: consignment stock setup

Dear expert,

I wonder what's the best way to setup consignment stocks? at the moment, for each consignment stock, we create a POS and an inventory location, I wonder is that the best way? we have many consignment stocks...

Many thanks,
Ray

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: consignment stock setup

Wiki-ed it.

apmuthu's Website

  • From: Philippines, Calabarzon
  • Registered: 07/30/2020
  • Posts: 33

Re: consignment stock setup

Hello Apmuthu,

I read the Wiki. Is this still the best current solution for consignment items or is there any recent procedure to account for consigned items? In our scenario. When an item is sent out to the customer, it is treated as a consignment. There are other requirements that a customer complies that once completed will trigger the recognition of income. At that point we need to remove the item from consignment and credit it to cost of goods sold.

Thank you for any insight.

Celito