With PayGo POS, you can add consignment items to your store’s inventory. Here’s how:
Many of the fields in the Consignment Inventory Screen are self-explanatory and/or identical to those of a regular inventory item. In this section, fields unique to adding a consignment item within PayGo will be addressed.
If your consignor has been entered into your PayGo database, then when you click into the Consignor Name field you will be able to select the Consignor’s name. If the Consignor is not listed, you can add them by clicking the New Vendor/Consignor button on the PayGo’s Main Menu screen.
For further instructions on how to enter a consignor into your PayGo database, please click here.
Absolute Low: The amount entered into this field will ensure that the item is not sold below that amount. If someone attempts to sell the item below the amount entered into this field, the application will give an error message.
Listing Price: Enter the regular price you wish to sell the item for. This is the number PayGo will default the price of the item to when selling it in any of PayGo’s invoicing screens.
Commission Rate: Enter the rate you wish to pay the consignor in this field. For example, if you want to pay your consignor at a rate of 30%, enter 0.30 into this field. When the item is sold, PayGo will take the Commission Rate multiplied by the price the item sold for to get the cost of the item. Ex: $10 x 0.3 = $3.00 cost. Then, when you run the Sales by Vendor report, you will be able to see the cost/commission that is owed to the consignor/vendor.
Taxable 1 & Taxable 2: This information pulls from the department defined in the Item Identity section of the Consignment Inventory screen.
Save & Close: When you have completed entering the information you wish to have in the Consignment Inventory screen, click this button.
Departments: To bring up the Departments screen, click this button. It displays your full list of your Departments. If you need to add a Department, you can do so in this screen.
Dept Defaults: Have you made changes to the department settings of the item you are entering (taxes, for example)? Do you need to restore the changes to the department’s typical settings? Clicking this button will do that.
Adjust OnHand: Adjust the count of an item using this button.
List Adjustments: If you have made adjustments to the item you are entering, clicking this button will generate a list of the adjustments that have been made.
The Web: Do you want to list your item on your e-commerce site? If you have integrated your e-commerce with PayGoCart, clicking this button will take you through the entries required to do that.
List Entry: If your consignor has brought in multiple items, click this button. It will bring up the Consignment List Add screen. In it, at the end of each line is the option to add an additional line by clicking the double-plus (duplicate) button located at the end of the line.
Consignment Add List screen. Multiple items for one consignor can be added in a list format by using this screen.
Duplicate: This button is used to duplicate most of the current inventory items into a new record. This should be used when creating multiple similar inventory items.
Sales History: To view all sales for a particular consignment item, select the item and then click the Sales History button.