Consignment Sales Settings and Catalogs

Overview

We might want to hand over our goods to agents for reselling or resell third party goods.
To be able to transfer goods for consignment sale, go to Master data and settings > Sales > Wholesale and select the Consignment sales checkbox.

Registering Consignees

Before you can register consignment documents, register the Consignee in the system:
  1. Go to Sales > Customers.
  2. Click Create a register the partner and/or counterparty with the Customer type.
The conditions under which we transfer goods to the commission are defined in the in terms of sales. Terms of sales are mandatory for consignment sales.
To create terms of sales:
  1. Go to CRM and Marketing > Standard terms of sales OR go to Sales > Special terms of sales depending on the kind of terms you want to create.
  2. Click Create.
  3. Select the Consignment sales transaction.
  4. Specify the Description and Company.
  5. For standard terms of sales, select a Customer segment if required. For special terms of sales, select a Customer (if applicable) and a Counterparty.
6. On the Sales terms and conditions tab, select a Price currency. If the price includes VAT, select the Price includes VAT checkbox.
7. Specify the Commission calculation option:
  • Not applicable.
  • Percent rate of the sales markup.
  • Percent rate of the sales value.
8. Specify the Rate.
9. To withhold the commission from the agent’s payment, select the Offset commission checkbox. This will save your time on creating documents.
10. Click Save and close.
To create a contract:
  1. Go to Sales > Contracts with customers.
  2. Click Create.
  3. Select the Consignment sales transaction.
  4. In the Description field, enter the contract name.
  5. Specify the Customer, Counterparty, Company, and other.
  6. Select a Company account and a Customer account.
7. Click the AR/AP settings tab and select an AR/AP item:
  • Contract for prepayment and invoice. Prepayment and Payment by invoice will be assigned and cleared on the Contract level.
  • By commission reports. Prepayment and Payment 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.