When adding an item either to a consignor account or store inventory, there is a field labelled “Cost/Net”. This field serves two distinct purposes.

If the item is traditional store inventory that you purchased from a wholesaler, then this field is used as a cost field where you can record the original purchase price of the item.

When adding a consigned item, the field is used to place a net to consignor owed, overriding what would normally be a product split. The net value will be what the consignor is owed on a payout regardless how much the item sold for including if the item received any discounts.

Adding Net for Consigned item:

  1. Go to Accounts > Consignors > locate and click the consignor.
  2. Click the Inventory tab.
  3. Click the “Add” button.
  4. Enter any needed details and Price that the item will be sold for.
  5. In the Cost/Net Field, enter in the amount the consignor will receive when the item has sold.
  6. Click “Save”.

Adding Cost of a Store-Owned Item:

  1. Go to Inventory.
  2. Click “Add”.
  3. Enter details of the item and the Price.
  4. In the Cost/Net field enter in the original cost of the item.
  5. Click “Save”.
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