Setting up kids clothing consignment store on quickbooks retail 2
I've read the tutorials and followed help suggestions, but can't seem to figure out how to set up my consignment business; do I inventory each item and give a price to it, or leave the items all under the "consignment-non-inventory part" title as the help suggests. If I do that, I can't figure out how to track back each item to its' vendor (consignee). Also, I'd like the program to be able to give me reports, etc, but how will it be able to do that if each item I take in is given no value (as labeled under "non-inventory part"? I just feel very confused as to how to set this up, and bought this new after reading I had 30 days of help only to find out they don't allow help any longer due to it being a 2007 version. Wish they would have told me that ahead of time! Can you help me?
Computers & Internet - Intuit - QuickBooks® Premier Retail Edition 2007 Full Version for PC
Answers & Comments
I think before starting a consignment business just make a little research on it to know deeply about it. You should also follow all the rules & regulation setting by government for the consignment business.
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If you go into each non inventory item and mark it as used inassemblies or performed by a subcontractor, it will allow you to track your cost versus what you sell it for.
Setting up your books correctly is tough if you don't have accounting experience. Let me know if I can help