Similar as in domestic operations you can put away and store goods that are owned by the consignee until they are sold (see
Consignment - Type K).
For goods received on consignement you create new item IDs. In such an event it is required that you select the item of the
consignement type - K (e.g. predefined type 101).
To receive consignment goods to customs warehouse you open a new document type, so that all goods received with foreign ownership are kept separately from one's own goods. Use a
predefined document type 9K0.
Posting customs declarations automatically will be done to off-balance-sheet accounts for recording consignment sales.
Consignment goods are usually issued together with the goods that you own. That is why you can track the issue of consignment goods using the same document type used for daily issues and transit issues. The value of consignment goods is established subsequently using the consignment report (see item 5). Use a
predefined document types 910 and 930.
Posting customs declarations automatically will be done to off-balance-sheet accounts for recording consignment sales.
Selling goods to end customers you have to establish the valid purchase price before selling goods (for materials accounting) as well as tax base and VAT value (for tax records).
To this end create receiving in Goods module from customs issue (see
receiving from customs warehouse).
For items that you received on consignment only the value of VAT charged will be posted when receiving to wholesale warehouse. The difference between the receiving on consignment from domestic supplier is that you do not select the contra account for recording consignee receivables, but rather the account for the VAT charged up front (as in import of goods - for detailed treatment see
acquisition of goods from import).
This document is included in tax records.
You can sell goods to end customers at home or abroad. When automatically posting invoices issued a posting is made where the amount of income is in part posted to the account for short-term (the ones that are temporarily still unbilled on the capital side) liabilites of commission and consignment sales. The amount on the income account (the ones that are temporarily still unbilled on the capital side) is equivalent to the purchase price of goods according to the report of receiving to customs warehouse (see item 3).
Periodically (e.g. on a weekly, monthly basis, by decades), submit to the commission subject notification on goods sold in cash.
Use create commission declaration function to collect corresponding issues by date and document type IDs.
Collective shipping is created in the selected document type. There exists a predefined document type for
collective shipping KO0 marked as record only. This invoice cannot be posted automatically and does not appear in tax records. It is used when you want to display or print notification to the consignment subject on quantity and values of the goods sold.
On the basis of notification on sales the consignor sends you the invoice for goods sold. You can enter it as the invoice of the collective type which does not affect stock. But it does increase payables for the owner of goods. To create collective invoice use the
predefined document type 151. The invoice is then created from automatically created collective invoice by using the add function - see
collective receiving.
The document does not belong to tax records that is why it is necessary that you enter the corresponding tax type (by default: NN), which is usually set in the
consignment report.
By default the automatic posting of debt to the consignee is performed by posting of the entire consignor's liability to the account for recording short-term liabilities from commission and consignment sales. At the same time you discharge the account for recording short-term (the ones that are temporarily still unbilled on the capital side) liabilites from commission and consignment sales, where the posting was created when selling goods (see item 4).
Certain differences can occur on the account for recording short-term (the ones that are temporarily still unbilled on the capital side) liabilites from commission and consignment sales. Because you cannot carry out postings in foreign currency to the account 2421, you have to close the differences manually.
Overview of stock can be displayed by using the warehouse card (that is, using the Include customs warehouses function) or by
viewing current stock (must set date of stock and select the Only customs warehouses option).
Make use of the movements report in customs warehouse for a detailed analysis of stock movements during the specific accounting period to show the initial state of stock of consignment goods, receiving and issue during the period as well as the stock at the close of period.
It is mandatory to use supply date and not invoice date as criteria!
Check document types of receiving and issue from customs warehouse by using which you can monitor movement of consignment goods. Then you select item type K -101 as well as the corresponding report type (e.g. By code with end and start status).