Consignment Stock

EKK
Member Posts: 1 Novice Member

Hello,
I'm just looking for some help regarding Consignment Stock from a supplier point of view on Reckon Accounts Hosted.
We have a lot of different dealers and sometimes they want items on consignment, so I was hoping for some help on two main points:
- How do I correctly record inventory so that I know exactly what items and how much $ value the dealer has on consignment.
- How do i then correctly record the sale of that consignment stock, so they we can see how consignment stock sales make up of the total sales
Any advice would be greatly appreciated, specially with the first point. Thanks
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Comments
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Hi EKK
Reckon actually created a guide specifically on this a few years back which may help:
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
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