How to Handle Consignments

To track consignments, you should create a vendor for the consignor. When you create the vendor, mark them as a consignor with the checkbox and assign a commission percentage that you will pay them.

When you enter the item in inventory or record the item as sold, you should attach the consignor to the item using this vendor.

Once you get to the end of the commission period, go to Reseller Reports > Consignment Commission Report and select the consignor for whom you want to calculate commission. Set the time period and run the report -- all the information needed to pay the consignor will appear as follows:

The "Commission Due" is calculated as Gross Profit x Commission Rate for Consignor. You can download a pdf summary to send to your consignor and/or download the csv data as well. Once you pay the commission, record it in the "Expense Detail". You can create your own general ledger account for this or use an existing one.