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Content-Location: file:///C:/E5108C83/Consignment_addon_ABC_files/master03.xml
Content-Transfer-Encoding: quoted-printable
Content-Type: text/xml; charset="utf-8"
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QuickBooks
Custom Add-Ons
Custom Add-Ons
<=
b>Consignment
operations
with
QuickBooks Po= int of Sale
&
QuickBooks Accounting.
with
QuickBooks Po= int of Sale
&
QuickBooks Accounting.
![](3D"slide0002_image003.gif")
![](3D"slide0002_image004.gif")
![](3D"slide0002_image005.gif")
![](3D"slide0002_image007.gif")
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![3D"Text](3D"slide0002_image008.gif")
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![](3D"slide0003_image009.gif")
Consignment
Operations
![](3D"slide0003_image010.gif")
Consignment without Ability’=
;s Add
On (Work arounds)
…
• QBPOS does not readily accommodate the sale of =
consignment
items
• cons=
ignment
items entered into the inventory are treated the same as all nor=
mal
inventory items
• the =
value of
consignment items will inflate the Inventory account in the
QuickBooks Financial System
• the =
receipt
of those items will create Bills to Pay for =
the
vendor in QBFS, inflating your accounts payable
Not what the customer wants!
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![](3D"slide0019_image013.gif")
Consignment
Operations
![](3D"slide0019_image014.gif")
Consignment without Ability’s Add On =
<=
span
style=3D'font-size:75%'>(Work arounds) …
![](3D"slide0019_image015.gif")
![3D"Text](3D"slide0019_image016.gif")
<=
span
style=3D'font-size:75%'>• cumbersome
<=
span
style=3D'font-size:63%'>• require manual tracking or re-entr=
y of
data
<=
span
style=3D'font-size:63%'>• making general journal entries on a
regular basis
<=
span
style=3D'font-size:63%'>• frustrating
• using special Department codes tha=
t you
would not otherwise use for your inve=
ntory.
<=
span
style=3D'font-size:63%'>• prone to error
=
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![](3D"slide0020_image017.gif")
Consignment
Operations
![](3D"slide0020_image018.gif")
Consignment with Ability …&=
#13;
<=
span
style=3D'font-size:63%'>• works without adding consigned
merchandise to the inventory values or falsely
showing an accounts payable bill
<=
/span>
<=
span
style=3D'font-size:63%'>• when using the consignment Add On =
the
value of the inventory item is set to 0.=
<=
span
style=3D'font-size:63%'>• If the payment to the vendor is a =
fixed
amount the to be paid to the vendor wi=
ll be
entered into the ‘ConCostAmt’
field
<=
span
style=3D'font-size:63%'>• If the payment to the vendor is ba=
sed on
a percentage of the selling price, the percentage <=
span
style=3D'font-size:63%'> to be
paid to the vendor will be entered into the =
‘ConCostPer’
field
![](3D"slide0020_image019.gif")
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![](3D"slide0021_image021.gif")
Consignment
Operations
![](3D"slide0021_image022.gif")
Consignment with Ability …&=
#13;
<=
span
style=3D'font-size:63%'>• after items are sold, running the
program will enter a valid “Bill to Pay=
221;
in QBFS for each vendor whose items were sold.
=
;
<=
span
style=3D'font-size:63%'>• if the item is returned by a custo=
mer
the program will enter a credit in the vendor
file.
![](3D"slide0021_image023.gif")
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![](3D"slide0022_image025.gif")
Consignment
Operations
![](3D"slide0022_image026.gif")
Setting up Consignment with Ability<=
span
style=3D'font-size:75%'> …&=
#13;
<=
span
style=3D'font-size:63%'>• If you already have your consigned
inventory entered and are using workarounds to
manage it we have anticipated your need.=
<=
span
style=3D'font-size:63%'>• our add-on corrects the QBFS inven=
tory
and lists the correction as an inventory
adjustment.
<=
span
style=3D'font-size:63%'>• the only manual adjustments needed=
are
to the =
vendor
balance, since the amount currently owed to a vendor cannot be
calculated from available information in the
database.
![](3D"slide0022_image027.gif")
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![](3D"slide0023_image029.gif")
Consignment
Operations
![](3D"slide0023_image030.gif")
Operations
<=
span
style=3D'font-size:63%'>• enter amount to be paid to vendor =
in
custom item field
![](3D"slide0023_image031.gif")
![](3D"slide0023_image032.jpg")
![3D"Text](3D"slide0023_image033.gif")
<=
span
style=3D'font-size:63%'>• open the program
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![](3D"slide0025_image034.gif")
Consignment
Operations
![](3D"slide0025_image035.gif")
Operations
<=
span
style=3D'font-size:63%'>• select the dates of the sales peri=
od for
which you want to create bills
<=
span
style=3D'font-size:63%'>• click “Continue”
![](3D"slide0025_image036.gif")
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![](3D"slide0025_image037.jpg")
![3D"Text](3D"slide0025_image038.gif")
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![](3D"slide0026_image039.gif")
Consignment
Operations
![](3D"slide0026_image040.gif")
Operations
*(Additional Features provide for reporting and =
inventory Adjustment)
![](3D"slide0026_image041.gif")
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![](3D"slide0024_image044.gif")
Consignment
Operations
![](3D"slide0024_image045.gif")
Summary
<=
span
style=3D'font-size:63%'>• consignment operations from Ability
QuickBooks Point of Sale handles the
operations specific to consigned goods with ease.&=
#13;
<=
span
style=3D'font-size:63%'>• in QuickBooks Financial
system…
<=
span
style=3D'font-size:64%'>– provides Accurate Accounts Payable=
<=
span
style=3D'font-size:64%'>– provides Accurate Inventory Balanc=
es in
.
<=
span
style=3D'font-size:64%'>– eliminates manual adjustments
=
<=
span
style=3D'font-size:63%'>• in QuickBooks Point of Sale…=
![](3D"slide0024_image046.gif")
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