Consignment POS Sales Invoice Discounting

Consignment involves selling quality merchandise at discounted prices. A consignment software must provide correct ways to discount prices accurately and automatically.

Discount Features in Consignment Software

Discount schedules can be saved in the software and applied to individual items or entire categories. These discounts can be executed manually or automatically. At the point of sale (POS), discounted prices are entered, with flexibility for adjustment.

  • Discounts can be applied to items by a percentage or dollar amount.
  • The total invoice can also be discounted similarly.

Higher editions of the software enable the setup of promotions, automatically applying discounts during designated periods, either by category or invoice total.

How Discounts Affect Consignors and Stores

If an item or invoice is discounted by percentage or dollar amount, the store and consignor share the discount equally. However, when the total invoice is discounted by a dollar amount, the store absorbs the full discount.

Inventory Management with Discounts

  • Automatically discount aged inventory.
  • Apply item or invoice-wide discounts at POS.
  • Run seasonal or promotional sales.
  • Watch a video tutorial

Using Best Consignment Shop Software, inventory prices can be discounted automatically based on schedules or manually at POS. Discounts are applied by percentage or dollar amount to items or categories.

Discount Aged Inventory

Discounting aged inventory encourages purchases and builds customer loyalty. It also reduces the need to return unsold items, donate, destroy, or transfer them. Multiple discount schedules allow customized markdowns per category.

Concessions at Point of Sale

At POS, discounts can be applied to individual items or the full invoice by percentage or dollar amount. Item-specific discounts are shared between consignors and stores, while full invoice discounts are absorbed by the store. Employee permissions prevent unauthorized discounting.

Special Promotions

Place items on sale for specific timeframes, offering percentage or dollar discounts (e.g., "25% off all jeans from September 1st to 7th"). Promotional discounts are absorbed by the store.