How to make a consignment's "Sale Proceed" for a supplier, showing the price their goods were sold at, and also the expenses incurred by me on their behalf?

Nice to have you in the Community space, @userkaran-h7.

To record a consignment in your QuickBooks Online (QBO) account, you’ll want to set up the consignors first as suppliers and classes. Let me guide you how.

Before we start, we’ll have to ensure the Class tracking feature is turned on. To do so, you can follow these steps:

1. Go to Gear⚙ icon.
2. Click Account and settings.
3. Select the Advanced section.
4. In the Categories section, select Edit ✎ to open the fields.
5. Select the Track classes checkbox.
6. Click Save and close.
7. Select Done.

Then, enter consignors as suppliers:

1. Go to the Expenses menu and select Suppliers.
2. Click New Supplier.
3. Use the fields in the Supplier information dialog to enter the consignor's information.
4. Select Save and close.

You can also check this article for the complete guidelines about this process: How to record consignment sales.

Additionally, in case you need to add more details to your invoice, you can use this resource for reference: Customise invoices on the QuickBooks Online mobile app.

I’m always here whenever you have other concerns about consignments or with your QBO account. Post a reply below and I get back to you as soon as I can. Keep safe.
 

Hi,

I have already tried those steps, but it doesn't resolve my query. I want to generate 'Sales Proceed' for my suppliers which mention:

1. Credit Side - Mentions goods sold on their behalf and at what price.

2. Debit side - Mentions expenses incurred on their behalf like freight, labour charges, packaging etc

3. The difference between credit and debit side shows the 'Net Sale' which gets credited to ledger account of the supplier.

The 'Sale Proceed' is uniquely generated for every shipment received. For example, if goods arrive through 8 different shipments then 8 unique sale proceeds have to be generated.