Heidi's Consignment
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Post by Heidi's Consignment on May 2, 2014 13:14:01 GMT -5
Does the net income in the monthly report include the amount from the store owned consignor number?
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Post by David on May 7, 2014 17:46:41 GMT -5
As you can see this board isn't used much. Yes it is included in income. The sale of an item from the store account will be at 0 item cost - thus the entire sale (less tax) will be recorded as income. You can see this if you look up the store account activity and double click one of the $0 amounts. You'll see that 100% of the item sale went to the store.
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Post by Rustler-tx on May 8, 2014 13:46:49 GMT -5
It depends, a store owned item has a block to enter item cost, if cost is entered then it will post to COGS just as the consignor split does
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