Retail, Resale, and Consignment Layaways

Layaways (lay-bys in Australia, New Zealand, and South Africa) are a form of financing or delayed payment, allowing customers on limited budgets to purchase merchandise in installments.

The financing aspect is payment for purchases by installment, usually with zero percent interest.

Delivery of purchased items generally takes place with the final scheduled payment.

'Layaway' technically refers to paying a deposit to secure an item for later purchase. Layaway plans involve a schedule of payments.

Layaways are often accompanied by a layaway agreement outlining the rights and responsibilities of each party and the payment schedule.

Layaway Management Software

Layaway management software tracks outstanding layaways, payments, finalized layaways, and provides reports about each customer, item, and payment.

POS Layaway Software

Software for layaway at the point-of-sale allows for any purchase to be converted to a layaway plan. The payment schedule can be set at point-of-sale, and a receipt printed with the scheduled payments.

Layaway Tracking Software

Tracking software follows each layaway transaction from start to completion. The status of a layaway and the location or disposition of merchandise on hold can be recalled at any time.

Best Consignment Shop Software Layaway Module

Best Consignment Shop Software offers a complete POS layaway tracking and management system:

  • At point-of-sale, any sale in progress can be designated as a layaway transaction.
  • The initial deposit and future payment schedule can be entered at POS.
  • Store credit (customer or employee) may be applied toward the purchase.
  • A receipt listing customer information, items purchased, terms, and payment schedule can be printed.
  • Acceptable payment methods: Amex, Cash, Check, Debit Card, Deferred Payment, Discover, Gift Certificate, MC, PayPal, Visa.
  • Payments can be split between multiple options.
  • Any credit-card processing service may be used.
  • The item record(s) can be edited to note the location of the item(s) on hold.
  • The payment plan is flexible; due dates and amounts can be changed over time.
  • Periodic payments are recorded by editing the transaction record.
  • Reports can be generated for open, closed, and past-due accounts.
  • Settlement with item owner(s) can be made with the initial deposit or final payment.

Illustrated instructions are available in the manual (F1) under Reports.

The BCSS 'Search Engine'

You can search the BCSS database similar to searching on Google, but with more precise results:

  • BCSS only finds the records and information you want – no 'close matches'.
  • Some searches in BCSS are pre-set, providing quick access to relevant information.
  • Several predefined searches are available in the Quick Links Menu.
  • BCSS groups data to present useful business reports.

BCSS search allows focused queries – birthdays in June, mailing list members, inventory items for printing price labels, or reports on sales, settlements, and disbursements.

BCSS Search Options Include:

  • Active/Inactive
  • Bad Checks
  • Birthday
  • Categories and Groups
  • Credit Memos
  • Customers
  • Deliveries
  • Demand
  • Demographics
  • Dollar Volume
  • Employees
  • Hang Tags
  • Inventory
  • Invoice Dates and Totals
  • Layaways
  • Mailing Labels
  • Orders
  • Pay Methods and Payments
  • Price Range and Labels
  • Purchase Count
  • Quantity on Hand
  • Sales and Sales on Hold
  • Salesperson
  • Store Location
  • Vendors
  • Voids
  • Zip Code

Advanced BCSS Search

Control the information BCSS reports on-screen, in print preview, and print by using the Advanced Search Screens.

Procedure:

Click 'Reports' on the Main Menu.

Reports are available for Consignors, Customers, Demographics (Diamond/Virtual), Disbursements, Inventory, and Sales.

For example, to view Consignors with balances over $50, check 'Account Balance' and enter '50' in the 'From' field and '10000' in the 'To' field.

Click 'Print the Report' to view in Print Preview. Click 'View the Report' to display results in the Main Table.

Remove names from the report by marking records as Inactive, or use the User Text Feature to mark desired records.

Preview and print the list once correct.

All reports for Customers, Disbursements, Inventory, and Sales function similarly.