How to record consignment sales

Objective

To take a consignment in Vend and view the profit margins in the Sales Report to determine consignor's commission

Setup

  • Vend for Mac or PC

Steps

To create a consignment product

  1. Click Products, and then Add Product
  2. Enter product name
  3. Add the consignor as the Supplier
  4. Add a Product Type or Tag (eg. consignment sale, name of the consignor) that makes it easy to classify a consignment product
  5. Set the appraisal value as the Supply Price
  6. You can add the Current Inventory at this stage, alternatively process a Purchase Order to receive multiple products  
  7. Fill out the rest of the details for creating a product, more information here

View margins for consignment sales

  1. Click Reporting, and then Sales Reports
  2. Under Report Type select either the Supplier, Product Type or Tag
  3. Select a suitable Date Range
  4. Click Format Results, and arrange rows By Product or By SKU
  5. Click Apply

Additional Information

Did this answer your question?
Have more questions? Contact us so that we can help you out.