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Former Member

Consignment stock accounting

Hi Experts,

Can someone let me know what does Consignmetn stock accounting is for and in which purview it comes in....

Thanks & Regards

Rohit.

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2 Answers

  • Best Answer
    Jan 21, 2008 at 08:16 AM

    Dear rohit

    Your question is not clear as to what exactly you want.

    Generally, Consignment handling is for processing consignment goods, that is, goods that are stored in the customer’s warehouse but that still belong to your company. The customer does not have to pay for the goods until they are withdrawn from the consignment stock. Consignment goods which are not needed can, as a rule, be returned. Because the consignment stock is still part of your evaluated stock, you have to keep stock records for it in your system. Consignment stocks must:

    => Record the consignment stock separately from other stocks, in order to keep an overview of what is in the customer’s warehouse.

    => Record separate stock levels for different customers

    Thanks

    G. Lakshmipathi

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    Former Member
    Jan 21, 2008 at 08:57 AM

    thanks a lot guys for your interest.

    Regards

    Rohit.

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