Ideas

Consignment Sales Invoice i.e. Sale on Approval Basis

Dear team,

We have received the Sale on approval requirement from our customer Anushree reddy, Hyderabad.

In this case, Company will send the goods on consignment mode and book the sales invoice only the goods sold out at franchisee end,

1.Transfer rate needs to be calculated as per margin set in Price list on transfer entry

2.Tax would be calculated on the transfer in document level only.

3.Ledger posting is not required for tax value.

4.Sales entry will be done against the transfer but only the item which sold out .

5. if items are not sold for 6 months then it will be taken return. report will be required for the same.

6.Register report is required for the E way bill generation

  • R Kanagaramu
  • Sep 3 2021
  • Likely to implement
  • Attach files
  • Admin
    Product Team commented
    10 Aug, 2023 11:00am

    As conversed with Mr. Kanagramu,the client requires sale on approval basis concept in Ginesys, which is not present currently.
    Eg: DC is prepared on sending the goods, but Invoice shall be prepared for the items in DC as and when sold/approved by the customer. Accordingly calculation of tax and ledger posting/ accoutig for the same.

    Thus marked as Needs Review.

    -SA

  • R Kanagaramu commented
    7 Sep, 2021 10:47am

    Small correction on Point number 5.

    5. if items are not sold for 6 months then it will be taken return. report will be required for the same.

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