coreSTORE - Sales: How to do Consignments
Enable Consignments
Before we can begin doing consignments, we first have to enable Consignments in our coreSTORE.
Click on Company
Click on Settings
Click on Consignments
Check Consignment Items
Set Defaults
While you're here, you can choose to set your default Cost Percent or Default Fees.
The Default Cost Percent is how much the Consignor is going to keep - and you keep the rest!
Note: If you're using Default Fee, then your Default Cost Percent has to be set to 100%.
How to start a Consignment
Now that we have enabled Consignments, lets go over how to start a consignment!
Add the consignor as a customer on the sales screen.
Click on Create Trade In
Check Consignment
Check the box for Consignment and then fill in all the necessary item information on this screen.
Selling Price
Add the selling price the consignor wants to set for this item.
Consignment Cost Percent
When using Consignment Cost Percent, remember that this represents the percentage the consignor will keep. For instance, if you want to retain 10% of the selling price of a consignment item, you should set this field to 90%.
Consignment Fee
In addition to the default cost percent, you can also charge each consignor a specific fee in addition to the margin you will earn on the item for selling the used item for them by entering that amount in Consignment Fee. If you do not want to charge consignors a fee, leave this set to 0.
Example of Consignment cost percent and consignment fee Selling price of $100, Consignment cost percent of 75% and consignment fee of $10 would pay the Consignor $65 ( $75(consignment cost) - $10(consignment fee)= $65)
DON'T USE COST
We do NOT recommend using the Cost field when doing consignments. Leave this field blank.
Click on Save
Prompt
It's okay to proceed with this prompt because the Cost field is left blank.
Complete Sale
Now we just need to proceed with the sale and complete it.
Click on Continu…
Click on Complete Sale
Your Consignment is created!
Congratulations! Your consignment has been created! Now that consignment is treated like any other inventory item. Let's look at what to do after you have sold that item and you need to pay your consignor.
Click on Reports
Click on Items
Click on Settle Consignments
Filter Report
Click on Submit
Consignment Report
This is the last of all your consignments. It will show you information on the consignment sale such as how much to pay the consignor, what the consignment fee was, etc.
Click on Mark as Settled
Once you have selected the consignments you want to settle, click on Mark as Settled.
Create Checks
If you are integrated with Checkeeper, you can generate a check or the consignor from this report.
Before we can begin doing consignments, we first have to enable Consignments in our coreSTORE.
Click on Company
Click on Settings
Click on Consignments
Check Consignment Items
Set Defaults
While you're here, you can choose to set your default Cost Percent or Default Fees.
The Default Cost Percent is how much the Consignor is going to keep - and you keep the rest!
Note: If you're using Default Fee, then your Default Cost Percent has to be set to 100%.
How to start a Consignment
Now that we have enabled Consignments, lets go over how to start a consignment!
Add the consignor as a customer on the sales screen.
Click on Create Trade In
Check Consignment
Check the box for Consignment and then fill in all the necessary item information on this screen.
Selling Price
Add the selling price the consignor wants to set for this item.
Consignment Cost Percent
When using Consignment Cost Percent, remember that this represents the percentage the consignor will keep. For instance, if you want to retain 10% of the selling price of a consignment item, you should set this field to 90%.
Consignment Fee
In addition to the default cost percent, you can also charge each consignor a specific fee in addition to the margin you will earn on the item for selling the used item for them by entering that amount in Consignment Fee. If you do not want to charge consignors a fee, leave this set to 0.
Example of Consignment cost percent and consignment fee Selling price of $100, Consignment cost percent of 75% and consignment fee of $10 would pay the Consignor $65 ( $75(consignment cost) - $10(consignment fee)= $65)
DON'T USE COST
We do NOT recommend using the Cost field when doing consignments. Leave this field blank.
Click on Save
Prompt
It's okay to proceed with this prompt because the Cost field is left blank.
Complete Sale
Now we just need to proceed with the sale and complete it.
Click on Continu…
Click on Complete Sale
Your Consignment is created!
Congratulations! Your consignment has been created! Now that consignment is treated like any other inventory item. Let's look at what to do after you have sold that item and you need to pay your consignor.
Click on Reports
Click on Items
Click on Settle Consignments
Filter Report
Click on Submit
Consignment Report
This is the last of all your consignments. It will show you information on the consignment sale such as how much to pay the consignor, what the consignment fee was, etc.
Click on Mark as Settled
Once you have selected the consignments you want to settle, click on Mark as Settled.
Create Checks
If you are integrated with Checkeeper, you can generate a check or the consignor from this report.
Updated on: 03/04/2025
Thank you!