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Consignment Inventory Best Practices?

edited Nov 26, 2019 8:40AM in Accounting / ERP 4 comments

Hi all,

We are a publishing company that sells books to Amazon, Barnes & Noble, etc., on a consignment basis. For example:

Amazon places an order for 50 books on May 5th.  50 books are shipped to the Amazon warehouse. At the end of May, Amazon sends us a check for the 10 items that were "sold", leaving "consignment inventory" of 40 units.

The payments we receive from Amazon NEVER match (or even reference) their purchase orders, as they pay us for what was actually sold, not what they ordered.

My thoughts on how to manage this would be:

1. Activate Multi-location inventory, and have "Amazon" be one of the locations.

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