If your store offers to buy or trade items brought in by customers you can enable this function from the point of sale screen.
How to activate the Buy-Trade option in the POS
In Ricochet,
Click Preferences
Click Admin
Under Store Details, scroll down to Optional Modules
Toggle ON the Buy Outright/Trade option
Click Save
How to use the Buy-Trade option in the POS
Click Buy-Trade at the top of your POS screen
Add details into the pop-up screen
Required fields:
Product Name
Cost - how much you will pay the customer for the item
Price - how much you will sell the item for when it hits your floor
Optional fields:
Short Description
Category
Brand
Quantity
Variants
Click Add Item
NOTE: The item will be added to the screen and highlighted in red and show the amount added to the price field, but in the negative.
Attach a customer to the sale or click the yellow '+' plus sign to add new
Choose tender type if paying out for the item.
Add another item to the POS if exchanging.
Click Finish.
NOTE:
Keep in mind that the cost is accounted for the day of the transaction rather than after the stores' sale of the item. This will appear as Store Purchase Cost in your Sales Summary Report.
For straight across trades you may want to uncheck the tax box in the POS to ensure the result is $0.00 (unless your state regulations require tax on exchanges.) Please refer to your individual state tax policies for guidance.
If you use item fees, you will want to toggle OFF the item fee on the exchange product to prevent an amount owed on a straight across exchange.
Once you add the item to inventory the cost field will be blank. This is because the cost of the item has already been recorded once the sale is completed. Do not add anything to the cost field, because when it sells it will double the cost of the item in the system, throwing off your books.