Consignment Procurement Settings and Catalogs

Overview

You can accept third party goods for reselling and get a commission for your work.
To enable it, go to Master data and settings > Sales and select the On goods sale (consignment procurement) checkbox.

Registering Consignors

Before you can register consignment documents, register the Consignor in the system:
  1. Go to Purchasing > Vendors.
  2. Click Create and register the partner and/or counterparty with the Vendor type.
The conditions under which you accept consigned goods are defined in the in terms of purchase. Terms of purchase are mandatory for consignment procurement.
To create terms of purchase:
  1. Go to Purchasing > Terms of purchase.
  2. Click Create.
  3. Select the Consignment procurement transaction.
  4. Specify the Description and Company.
  5. Select a Vendor and a Counterparty (if applicable).
  6. On the Purchase conditions tab, select whether you are going to use contracts
  • If you are going to use contracts, select the Specify a contract, AR/AP accounting is determined in the contract checkbox.
  • If you are not going to use contracts, select the Contracts are not used, payment terms: checkbox and fill in the required data.
7. Select a Currency. If the price includes VAT, select the Price includes VAT checkbox.
8. Select a Vendor price type.
9. To register vendor prices automatically, select the Register vendor prices automatically (by default) checkbox.
10. Specify the Commission calculation option:
  • Not applicable.
  • Percent rate of the sales markup.
  • Percent rate of the sales value.
11. Specify the Rate.
12. To take the commission from the consignor's payment, select the Offset commission checkbox. This will save your time on creating documents.
13. Click Save and close.
If terms of purchase determine that contracts are used in settlements, create a contract. If contracts are not used, settlements are carried out by commission reports.

To create a contract:
  1. Go to Purchasing > Contracts with vendors.
  2. Click Create.
  3. Select the Consignment procurement transaction.
  4. In the Description field, enter the contract name.
  5. Specify the Vendor, Counterparty, Company, and other.
  6. Select a Company account and a Seller account.
7. Click the AR/AP settings tab and select an AR/AP item:
  • Contract for debt and prepayment. Prepayment and Debt by invoice will be assigned and cleared on the Contract level.
  • By commission reports. Prepayment and Debt by invoice will be assigned and cleared on the Commission report level.
8. Select the default Currency for AR/AP transactions under the contract.
9. Select the VAT taxation option:
  • If you select the Determined by the specified value checkbox, you can select a single VAT taxation option for all the transactions under the contract.
  • If you select the Determined in orders and invoices checkbox, you can disable autofilling of the default value.
10. If required, specify a VAT rate for payments.
11. Click Save and close.