Glossary
Consignment
Consignment is stock a supplier places in your shop that stays his property, and you pay for it only when it sells.
What it means for a shop owner
You pay nothing upfront and carry no risk of slow sales, but your margin is usually smaller. Record what you received, sold and returned, because the gap is your responsibility. Do not mix it with your own stock.
A worked example
You receive 30 pieces on consignment, sell 18 and return 6. You pay the supplier for 18 pieces, and 6 stay with you unsold.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes