Consignment Stock sent back to consignor

Question

We have a number of different Inventory Items that are consignment stock.

We are the consignee. If these items are sent back to the consignor (no sale) how do I correctly record that movement of stock so that our inventory count is right. There is no money exchanged and no sales made on these items.

Komal_S · Accepted Answer

Hi @SusieExpTech

Apologies for delay in response.

If you had purchased the items as explained in the Consignment stock (as consignee) help article, then in order to return the items, you would do reversal of the same bill with the required value so that nothing else is impacted.

Please do not hesitate to post if you have further questions.