How to generate the order & transfer ownership
Generate the order and invoice from a quote - and see the consignment ownership transfer: when you sell an item you don't own, the system buys it for you first, recorded as a purchase receipt.
Step-by-step
- From a submitted quote, click generate order and invoice.
- Confirm the ownership-transfer warning.
- The system transfers ownership: owner to you, then you to customer.
- A sales order and sales invoice appear in connected documents.
- A purchase receipt records the transfer; the item's owner is now you.
Full transcript
Now I'll generate the order and invoice from a submitted quote, and show you the part that's unique to resellers - the automatic ownership transfer.
The quote is open, so I click generate order and invoice. The system warns that any items owned by another company will first transfer to your company. That's the consignment heart of it. To resell an item you don't own, accounting-wise you must first buy it from the owner, then sell it to your customer. I confirm, and in the background it transfers ownership first to your company, then to your customer. The quote is now ordered. Connected documents now shows a sales order and a sales invoice. The order timeline goes ordered, then paid, shipped, delivered. The invoice starts unpaid. Open the item and the target company has changed - from reuse it to your company - because generating the order transferred ownership to you. And there's a purchase receipt recording that transfer from reuse it to your company - so the whole chain is traceable from every angle.