Making consignment stock payments

Modified on Sun, 19 Apr at 11:55 PM

Consignment stock are stock items that are:

owned by a third party, such as a parent selling their second-hand books or uniforms
sold by your organisation in return for a commission.

On a periodic basis, you process payments to the creditors (for example, parents) for goods sold on their behalf.

What you can do:

What you can do…	See…
Maintain the: business unit you are processing commission payments for percentage commission being received for selling consignment stock general ledger codes and tax codes used.	Consignment Stock Payments - Selections window
Maintain: whether debtors are processed the fee codes used with debtors.	Consignment Stock Payments - Debtors window
Maintain the level of detail to report to the creditor.	Consignment Stock Payments - Creditors window
Maintain the: posting details bank account to process payments and receipts against.	Consignment Stock Payments - Post window