Consignment payments can be credited to the stock owner's debtor account.
Use the Consignment Stock Payments - Debtors window to specify whether to process debtors and which fee code to use.
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To open the Debtors window:
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Consignment Stock Payments - Debtors window - key fields
Field | Description |
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Process Debtors | Select to process debtors. |
Allow Debtors to go into Credit | Select the field to allow debtors to go into credit. This credit will subsequently be taken up by the debtor at a later date. For example, a parent (debtor) might be selling a second-hand uniform on consignment. Any money from the sale can be credited to the debtor's account which might already be fully paid up. When the debtor next receives a bill for their tuition fees, the credit is netted off the total owed. Clear the field to prevent the debtor from going into credit. If you are paying for consignment stock through the debtors system, and the debtor's outstanding balance is less than the amount you are paying, a cheque is issued for the difference. For example, if the debtor's balance is $50 and the consignment payment is $150, $50 is allocated to the debtor account and a cheque is issued for $100. |
Fee Code | Fee code to be used for the payments to creditors. |
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