PayGo SaaS has the ability to track consignment inventory.  Consignment items allow you to take an item from a Consignor (treated as a Vendor in PayGo) and sell it in your PayGo system at a certain price rate.  PayGo will then help you keep track of who’s items have sold and allow you to run a report to see the totals for any span of time.

To set this up in PayGo SaaS, follow the steps below.

From the Main Menu:

1. Click ‘New Inventory’
2. A new window will appear.  This is the new inventory screen.  Name your item in the field provided and then select ‘Consignment’ as the inventory type.
3. Enter in your consignment inventory item’s information.  Give it a Department (we could suggest making a Department called Consignment Items before starting this tutorial).
4. Fill in your ‘Listing Price’, ‘Absolute Low’ (the lowest price the consignee will take), and the ‘Commission Rate’ the consignee is receiving for the sale here.  The commission rate is in a percentage form – and as is true with most other areas of PayGo, it is filled in as a decimal (for instance, 5% would be .05).   The Absolute Low field and Commission Rate are optional fields (mainly used for notes) and are not required.
5. Click “Save” to commit the new consignment item to inventory.

Sales of consignment items are handled just like any other standard PayGo inventory item.  Commission from those items can be read through a Consignment Sales report.

From the Main Menu:

1. Click ‘Reports’.
2. Click on the ‘Consignment Sales’ report button in the Vendor reports section.
3. Search by ‘Date_Posted’ and then specify the date range you wish to search.  Then click ‘Perform Find’ to run the search.

You should then be presented with a report for each Consignor, with each having their own page.