Our Consignment solution requires QuickBooks Point of Sale *1 and QuickBooks Financial software *1 to provide a complete solution for tracking, reporting, and making payments to consignees while keeping your inventory and payable accounts accurate and up to date.

• Accurate bookkeeping.
• Less work.
• Improved reporting.
• Allows for consigned and owned inventory within the same department.
• Avoids complicated and clumsy workarounds *1.
• Accurately reflects inventory counts and availability in QBPOS *2
• Works with QuickBooks Pro or Premier Editions (2004-2007) or Enterprise Solutions (Version 4.0-7.0)
• Not currently available for Multi Store.

If you have QuickBooks Point of Sale integrated with QuickBooks Financial software and you would like to download our fully operational 30 day demo, please click here to download

To view or download the Installation and Operations Manual in pdf format click here

It used to be that the only way to handle consignment items within quickbooks point of sale was through workarounds that were inefficient, confusing, labor intensive and often resulted in inaccurate accounting. Now there is a better solution. Handling consignments with our consignment software not only handles the transactions necessary to properly reimburse vendors and avoids inaccurate bookkeeping, but provides the reporting that you need to provide to consignment vendors to keep them informed and happy.

Consigned inventory is not, and normally should not be reflected in your inventory account. Also, there is no obligation to pay for sold consigned inventory until it is sold to the purchaser. This normally presents a problem for QuickBooks and QuickBooks Point of Sale since it reflects normal handling of inventory items and payable obligations. Our add on allows you to put the inventory into QuickBooks Point of Sale, not only designating that it is a consignment item, but indicating the payment to be made to the vendor when the item is sold. You no longer have to put consignment items into a separate department(s) from owned inventory.

Moving sold inventory items into appropriately created bills to pay for consigned vendors is easy. You simply click on the icon to start ABC's consignment software and select the sales period that you want to deal with *3. ABC Consignment then scans the QuickBooks Point of Sale data for the period and creates Bills to Pay in QuickBooks for sold consigned items. (Of course it takes into account returned items also.) You can then print detailed reports for the vendors that can be included when you pay your bill to those vendors. And, since it is in Bills to Pay, you can select to pay these bills with all of the normal options available to you within QuickBooks.

1* The description of the two workarounds suggested by Intuit includes many required steps. The description of the process requires several pages. Intuit presents two different workarounds for your choice since each can require a different amount of work and follow up  The methods will reflect different results especially if all steps are not followed on a regular basis.

2* Inventory values shown in QBPOS reports reflect a zero value. This causes QBPOS reports regarding margin and profitability to be inaccurate, but since this solution is provided to work with QuickBooks Financial system more complete and accurate figures regarding these issues are available in the Financial system.

3* Inventory items may not be deleted before processing has been completed. Payment are calculated on data in the inventory record at the time of processing.

• Easy to use
  1. Simply fill the user defined field with the payment terms for the item (can be fixed amount or percentage.)
  2. Process Sales normally
  3. Run the software whenever you want to move consignment sales activity into Bills to Pay and Cost of Goods in QuickBooks Financial.
  4. Run reports to provide detail for amounts paid to consignment vendors.
• Does not erroneously inflate owned inventory or payables.
• Provides for inventory adjustment with or without payment to vendor.
• Does not interfere with the processing of non consigned inventory functions.

Requires QuickBooks Point of Sale Pro version 5 or greater and QuickBooks Financial Pro.
Requires 1-2 user defined fields available in inventory item.
Requires that sold inventory items not be deleted before running the software.

Consignment Software Add On – Extended $498
Same features as basic plus:

• Allows for 3 user defined points for price drops, example, price drops 20% at 30 days, an
  additional 25% at 60 days, an additional 20% at 90 days.
• Allows for automatically loading user fields with price drop information for printing on price
  labels using QBPOS print designer.
• Allows for stopping payment to vendors for goods sold after selected age on shelf. (For selling
  goods abandoned by vendor.)

Requires QuickBooks Point of Sale Pro version 5 or greater and QuickBooks Financial Pro.
Requires 4-5 user defined fields available in inventory item.
Requires that sold inventory items not be deleted before running the software.

  
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