Overview

• Easy to use
• Does not erroneously inflate owned inventory or payables.
• Provides for inventory adjustment with or without payment to suppliers.
• Does not interfere with the processing of non consigned inventory functions.
• Allows you to set how your suppliers are paid for their items that are sold.
• Provides detailed reporting for your suppliers
• Optionally is tied to a website to provide up to date information to suppliers on sales of their items.

Details

You can define a custom department to set the percentage paid for all items in the department . Or, if you are using the Pro version of QuickBooks Point of Sale you can decide to pay either based on a percentage of the sale price or a fixed payment amount on an item by item basis.

How it works

Receive the items from the supplier, using a receiving voucher just as is normally done in QuickBooks Point of Sale, Then just process sales normally. Then, whenever you want to pay your suppliers you run the Consignment add on. The consignment add on totals all of the sales information for the selected period, produces a report that contains each suppliers information on separate pages, and then accurately records Bills to Pay into QuickBooks and then accurately adjusts the Cost of Goods account in QuickBooks.

Using QuickBooks Pro, you can also provide for automatic price drops on the items according to set store policies.

Requirements:

• Requires Licensed Copy of QuickBooks ® Point of Sale Basic version 6 thru version 9 and QuickBooks ® Pro financial software.
• Items sold during the payment period cannot be deleted before running the software for that period.
• Requires an active Internet connection for registration and activation.
• Uses two to 5 custom item fields depending on features used.

Pricing

Ability consignment is sold on an annual subscription basis. The current price is $89 per year ($149 per year for multi-store) The annual subscription includes up to 2 hrs. of support for the software and any upgrades that might be made to the software during the subscription period.

Additional features :

• Support for up to 20 stores using QuickBooks Point of Sale Multi Store Software.
• Each store can assigned an individual class in QuickBooks Financial.