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Vendor consignment


estebanperalta54
Captain II
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Hi! Has anyone implemented vendor consignment before? I’m trying to setup a vendor consignment warehouse at $0 because we don’t want there to be a financial impact until the inventory is used. I’ve looked at Doug’s article below but was wondering whether this can be done without having to setup a different branch/company. Any ideas?

https://www.acumatica.com/blog/how-to-implement-consigned-inventory-part-2/

Best answer by estebanperalta54

Ultimately what we landed on with the client is we use blanket POs at the beginning of the year. When vendor sends in parts, a non-PO receipt is created at $0 ext. cost. Later, when parts are used, a PO-Purchase Receipt is created and released so the GL is posted. We also have business event automation to do an auto issue with the purchase receipt is released. This helps us so we don’t have to create a separate branch/company, ledger, and intercompany transactions.

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3 replies

gary92
Jr Varsity II
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  • Jr Varsity II
  • 33 replies
  • April 4, 2023

Hi @estebanperalta54 

 

See if this will do what you are looking to do. 

 


estebanperalta54
Captain II
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Thanks @gary92 I’ll take a look at this.


estebanperalta54
Captain II
Forum|alt.badge.img+4

Ultimately what we landed on with the client is we use blanket POs at the beginning of the year. When vendor sends in parts, a non-PO receipt is created at $0 ext. cost. Later, when parts are used, a PO-Purchase Receipt is created and released so the GL is posted. We also have business event automation to do an auto issue with the purchase receipt is released. This helps us so we don’t have to create a separate branch/company, ledger, and intercompany transactions.


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