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Consignment sales
A consignment item is one that you sell for another person or company, but which you don't store as an inventoried item. When you sell an item on consignment, you usually receive payment for the item when it's sold, and then write a check for a percentage of the selling price to the person or company for whom you sold the item.
Trade-ins
If your business accepts trade-ins, you can accurately record your trade-in sales using AccountEdge. You need customer and vendor cards for your trade-in customer and a special inventory item called "Trade-in" that you use to decrease the amount due from the customer for the sale to which the trade-in will be applied.
When you process both the customer's sale and your purchase of the trade-in item, the customer's invoice will be reduced by the amount of the trade-in. Your purchase of the customer's item will be fully paid, and the trade-in will be entered into your inventory.
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