Based on sales notifications (consignment report), you are invoiced by the consignee. You can enter a collective invoice which in turn does not affect stock but it does increase liabilities to the consignee. To create a ollective invoice, use a predefined document type 151. Simply click the Add button to create the invoice from automatically created collective invoice - for more information see collective receiving.

Now post payable for VAT charged from consignee's invoice to the account already used in sale (by default: 2420) because you already posted purchase value of consignment in automatic posting of invoices issued. Post the entire amount of the invoice including VAT to supplier payables (by default: 242). Both are executed using the automatic posting of invoices received:

The document appears in tax records. From it you can create an invoice for consignee liabilities. It is used in outstanding items overview as well as in document for posting supplier's payables.

The credit balance of control account 2420 is a temporary amount of payables to the consignment supplier which has not been invoiced. The VAT on goods sold is not included here. Therefore, the amount equals total balance of the off-balance-sheet items (that is, 990 and 995). The value is added to the balance of automatically posted supplier's invoice which you received. See above.

The credit balance of account 242 including VAT is payable to the consignment supplier. The amount is recorded as the supplier's outstanding item.

When receiving goods which is tracked by serial numbers and you created invoice by adding lines (see above), list serial numbers by items individually (for more information see SQLEXP - Serial Numbers Included in Collective Invoice for Consignment).

For a general description of functions see:

• Internal Receiving
• Receiving

Related topics:

• Receiving on Consignment
• Consignment Sales
• Consignment Report
• Available Stock of Consignment Goods
• Gross Margin Analysis
• Posting Invoices Issued in Consignment