Hi, thank you for the video, it is pretty informative. So after making a sale of the consigned goods, how do i register payment/receipt of revenue and how do i account for inventory cost, cost of goods sold, taxes etc...basically how do i record revenue generated from this arrangement and how do i view financial reporting, thanks
1. If I don’t select a route, which one will it take by default? Or does it prevent me from issuing the invoice? 2. For a sale with multiple products (X, Y, Z), do I need to define the route for each one? There are times when I sell 3 products (or 35, or whatever), and one is consigned, one is both consigned/owned, and several others are owned. Do I need to remember the status of each product to select the route? Is it possible to set a priority order? Thank you very much!
Hi. Hope you had a great day! For both 1 & 2 : If you didn’t selected a route the system will take from the WH/Stock as I checked. So you can concern about the products in which you need to transfer from consignment section only
Hi, thank you for the video, it is pretty informative. So after making a sale of the consigned goods, how do i register payment/receipt of revenue and how do i account for inventory cost, cost of goods sold, taxes etc...basically how do i record revenue generated from this arrangement and how do i view financial reporting, thanks
1. If I don’t select a route, which one will it take by default? Or does it prevent me from issuing the invoice?
2. For a sale with multiple products (X, Y, Z), do I need to define the route for each one? There are times when I sell 3 products (or 35, or whatever), and one is consigned, one is both consigned/owned, and several others are owned. Do I need to remember the status of each product to select the route? Is it possible to set a priority order?
Thank you very much!
Hi. Hope you had a great day!
For both 1 & 2 : If you didn’t selected a route the system will take from the WH/Stock as I checked.
So you can concern about the products in which you need to transfer from consignment section only