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:
Go to Accounts > Consignors > locate and click the consignor.
Click the Inventory tab.
Click the “Add” button.
Enter any needed details and Price that the item will be sold for.
In the Cost/Net Field, enter in the amount the consignor will receive when the item has sold.
Adding Cost of a Store-Owned Item:
Go to Inventory.
Enter details of the item and the Price.
In the Cost/Net field enter in the original cost of the item.