Understand consignments
Consignment reporting helps you calculate and monitor the profitability of purchase orders, including revenue, claims, costs, and purchase value.
It provides a read-only view based on purchase and sales data, helping you understand how well a received lot performs.
A consignment groups one or more posted purchase receipt lines into a single record. After you create it, you can calculate it to view the full profitability of the goods received under that purchase order.
Regardless of the accounting method, the consignment calculation is always based on the route the lot number traveled through the company.
You can calculate consignments via the Consignments page or the Purchase Order page or by running the Create Consignments batch report
Prerequisites
-The following are the prerequisites for creating and calculating consignments:
-Configure consignment reporting on the Grower Return Setup page and on the relevant vendor cards. For more information, see Set up Grower Returns and Set up vendors.
-Receive at least one purchase order so that a posted purchase receipt exists.
-Configure a number series for consignment numbers on the Grower Return Setup page.
Select any of the following topics to understand how to create consignments and how the data generated is to be interpreted.