Overview

After the consignor is notified of the sale of consignment goods to third parties, the company is authorized to issue an invoice for the consignment services to the consignor.

The issued invoice creates receivables against the consignor. The consignment contract includes regulations to offset commission amounts against the sales revenue amount.

As a result of the process, a commission invoice is issued to the consignor.

Issue commission invoices to consignors flowchart

Paths

How to fill commissions in consignment notifications

1. Go to Purchasing and then click Consignment notifications — Intercompany under Consignment procurement.

2. Click the Consignment notifications — Intercompany tab.

3. Set a Consignor and a period.

4. Open the required Consignment settlement notification document.

5. Click the Commission tab.

Percent rate of the sales markup

1. In the Calculation method field, select Percent rate of the sales markup.

2. Enter a commission Rate. The system will automatically calculate the Amount.

3. Select the Service item and choose a VAT rate. The system will automatically calculate a VAT amount.

4. Click the Goods tab.

5. Click Calculate commission.

6. Review the Commission amount column.

Percent rate of the sales value

1. In the Calculation method field, select Percent rate of the sales value.

2. Enter a commission Rate. The system will automatically calculate the Amount.

3. Select an Item and choose a VAT rate. The system will automatically calculate a VAT amount.

4. Click the Goods tab.

5. Click Calculate commission.

6. Review the Commission amount column.

How to post commission receivables/payables without offset

1. In the Consignment settlement notification document, click the Commission tab.

2. Clear the Offset commission check box and enter a Payment date.

3. Post the document.

How to offset the amount of commission receivables/payables

1. In the Consignment settlement notification document, click the Commission tab.

2. Select the Offset commission check box.

3. Post the document.

How to review account receivables/payables

1. In the Consignment settlement notification document, click Reports and select Consignor AR/AP.

2. In the Consignor AR/AP report, find the commission amount in the Receivables column or find the amount in the Payables column. It can be cleared or filled with the commission amount.

Paths

How to update and confirm payment requests

1. Go to Treasury and then click Payment requests under Cash forecasting.

2. Open the required document.

3. In the Payment request document, set the Approved status.

4. In the Notes field, write any relevant offset comments.

5. Post the payment request.