Consignment inventory

Consignment is stock you hold and sell but do not own. You keep an agreed share of the sale and pass the rest to the consignor. It lives under Inventory → Consignment.

Why it is tracked separately

Consigned goods are not your inventory asset and the sale is not entirely your revenue. Keeping them apart means your stock valuation and margin stay honest, and the consignor gets a defensible statement.

Setting it up

Record the consignor and the terms — commonly a percentage split, sometimes a fixed fee per item. Receive their items against that agreement with the agreed retail price, and the goods become sellable while remaining flagged as consigned.

Selling

Consigned items ring at the register like anything else. Behind the scenes the sale is attributed to the consignor and the split is calculated, so nothing extra is required at the counter.

Settling up

At the end of each period, produce a statement per consignor showing items sold, prices achieved, your commission, and what is owed. Pay it and record the payment against the agreement.

Unsold items

Agree in advance what happens to items that do not sell: returned after a period, price reduced by agreement, or donated. Recording that term up front prevents the most common consignment dispute.

Getting it right

• Put the split, the term, and the unsold rule in writing before accepting goods.
• Settle on a fixed schedule — consignors judge you on predictability.
• Never mix consigned and owned stock in a bulk adjustment.

Note: your business can rename menu items (Settings → POS Configuration → Menu Labels), so the names in your menu may differ from those shown here.