Allocate Income Accounts of Consignments with QuickBooks Customer Support

In this once you have applied for keeping record of consignment sales you generate two accounts to keep record of consignment sales and pay out. It is quite important to know about the consignment income account. QuickBooks is a software designed for financial accounting tools so that you can concentrate on your business.

Follow these methods to assign provided by QuickBooks Customer Support:

• Click on Chart of Accounts.
• Choose New.
• In the Account tab, click on the Income from the Account Type drop-down menu.
• In the Detail type drop-down menu, click on Sales of Product Income.
• In the Name field tab, type Consignment Sales.
• Click on Save and Close. You can get back to the Chart of Accounts.
• Choose New.
• In the Account dialog box, click on Income from the Account Type drop-down menu.
• In the Detail type drop-down menu, click on Sales of Product Income.
• Type Consignment Pay outs in the Name field.
• Choose the Is sub-account checkbox and click on the Consignment Sales income account you have just assigned.
• Click on Save and Close.

To Set up Consignment Sales Item

• In the Settings tab.

• • Click on the Gear icon on the Toolbar.
  • In Lists tab, click on Products and Services.
  • On the Action column of the Product or Service which you want to edit, choose Edit.
  • Click on Save and close.

• Choose New.
• In the Product/Service information window, click on the Service item.
• Type the information about the service in the exact field.
• In the Income Account drop-down menu, click on Consignment Sales.
• Choose Save and Close.

Now, if you are ready to keep track of consignment sales and pay outs. If still you are facing issue, feel free to contact QuickBooks Support USA.

Hope, you are now able to perform this issue on your own, the income account of consignment. If not then feel free to contact QuickBooks Support USA on toll free number @ 1-800-731-1629 and drop a mail to us at support@quickbooksupport.net. Our expert leaders available 24*7 are so proficient to regulate you so that you can focus on your accounting business.