Consignment Stock

I'll help you record your consignment stocks in QuickBooks, @allergyapparel5-.

First, let's set up consignors as suppliers and classes. Before setting up, you should make sure you have turned on the Class tracking feature. Here's how:

1. Go to Settings and select Account and settings.
2. Click Advanced.
3. In the Categories section, select Edit ✎ to open the fields.
4. Check the Track classes box and click Save and close.
5. Select Done.

Next, enter your consignors as suppliers. If you've already done this, assign each of them to a Class for reporting purposes. Simply follow these steps:

1. Go to Settings ⚙.
2. Under Lists, choose All Lists.
3. Select the Classes item to open the Classes page, then click New.
4. Enter the consignor's Name in the Class dialog.
5. Select Save and close.

Then, create two income accounts to help track consignment sales and payouts. You can check out step number 2 and 3 to complete this process. This also includes the steps on how to record consignment sales and payouts: How to record consignment sales in QuickBooks Online.

Moreover, you can use reports to get helpful insights into the things you buy and sell and the status of your stock. 

If you need additional assistance with handling your stocks in QuickBooks, please feel let me know. It’ll be my pleasure to help you out again. Stay safe.