Consignment Stock

EKK
EKK Member Posts: 1 Novice Member Novice Member
in Accounts Hosted

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:

  1. How do I correctly record inventory so that I know exactly what items and how much $ value the dealer has on consignment.
  2. 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

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,908 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi EKK

    Reckon actually created a guide specifically on this a few years back which may help:

    http://kb.reckon.com.au/issue_view.asp?ID=5491


    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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