Consignments
Use consignments to send products to a customer/reseller that is not paying for the goods before they sell them. Often called "Sale or Return".
Consignments function very similar to Sales, with a few minor differences:
- When you ship a consignment order, the inventory is deducted from the inventory on hand figure and goes into consigned.
- The cost value of the products still form part of your overall inventory valuation.
- The order does not form part of your sales totals.
When a consignee sells some/all of the consigned stock you can create an invoice from the consignment which will convert the consigned stock to sold stock.