Receive Consignment Stock

Consignment stock belongs to the supplier until it is actually purchased (in Jim2, this is performed via a Consign. Buy purchase order).

Receive consignment stock from the vendor using a Consign. In purchase order type. This is like a normal purchase order and, when the stock arrives, can be placed on Received or Finish. The stock is now available to sell, but no accounting will occur until the consignment stock is actually purchased. You will need to enter and invoice number even if you haven't received an invoice, and you can enter anything in the Vend Inv# field. A date is also required.

This can be thought of as very similar to a purchase order that is on a status of Received, except that no temporary creditors journal is generated.

Some letters in the field names within the header are underlined, eg. Vend#. Using Alt+ the underlined letter will jump to the field beside that heading.

It is important to recognise the fact that the company does not actually own the stock at this point, and any sales of this stock are at 100% profit until it is purchased.

Consignment stock can be sold, transferred and even returned to the vendor (RTV) but cannot be stock adjusted.

Return to Vendor is the correct way to return unsold consignment stock.

Further information

Purchases Security

Debtors Purchase Orders

Expenses at a Glance

Purchases at a Glance

Expenses Tab on POs

How Does Cost of Goods work

How PO Status Affects the GL

Purchases/Expenses Status

Purchase/Expense Order Header

Purchase/Expense Order Footer Tabs

Purchase/Expense Comment Grid

Purchase Order Approval Process

Purchase Order Stock Grid

Purchase Order Reports

Purchase Order List

Purchase/Expense Preview Pane

Purchase List Header

Expense Order Stock Grid

Opening Balance Purchase Order

Add a Negative Expense Order

Add a Purchase Order

Add a Document to an Order

Add an Amount to a PO when Finished at $0

Add an Expense Order

Add Backorder Purchase Order

Add Comments to a Purchase/Expense Order

Add Freight to a Purchase Order

Add Stock to a Purchase Order

Add Vendor Discount

Auto Create a Purchase Order

Create a PO from a Similar PO

Create a PO Template

Create a Purchase Order List

Enter Serial Numbers

Fix Incorrect Pricing after PO Finished

Handle Employee Reimbursements

Handle a Credit for Freight Charged

Link a Job to a Purchase Order

Link Expenses to a Purchase Order

Print a Purchase/Expense Order

Progress Payments on Purchase Orders

Purchase Consignment Stock

Receive Stock

Record One Invoice Number on Multiple POs

Record Overseas Purchases, GST, Import Costs

Return to Vendor

Round up Supplier Invoices

Scan Stock into a Purchase Order

Staff Purchases

Unprint Purchase/Expense

Vendor Price Breaks

View or Edit a Purchase/Expense