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[Liberty] How To Sell An Item At a Discount, Without Impacting the Consignor

From time to time, you might need to discount an item – e.g. a friend that helped you out with your new store opening – but you don’t want the discount to impact the consignor.  This isn’t a general sale or something that’s part of your consignor agreement.  It’s a friendly discount, so you want the store to eat the loss, so to speak.

First, here’s the quick version:

  1. Click Sale (F4)
  2. Enter the discount percent – e.g. 50%
  3. Check the box next to Calculate Net on Original Price
  4. Click OK
  5. Ring up your items as usual

The result is, no matter what you discount the price by, the consignor’s net will be based on the original price.

Here’s a more detailed walk-through with screen shots…

  1. In Point of Sale, click the Sale (F4) button…
    Liberty Sale Post
    Liberty Sale Post

     

  2. You will be prompted to enter a Discount PercentThis is where you need to select Calculate Net on Original Price

    Posting Options
    Posting Options
  3. Once you click OK, it will put POS into the Sale Posting Mode (at the defined Discount Percent)…

    Discount Percent
    Discount Percent
  4. Scan or enter your items as usual.  You’ll notice the Selling Price vs. the Orig. Price reflects our 50% discount

    Selling Price vs. Orig. Price
    Selling Price vs. Orig. Price

Our consignment split was 50/50, so in this example, the store ate the entire thing.  Our consignor is still owed their $25 for each item…

Price Sold vs. Cons. Net
Price Sold vs. Cons. Net

 

Use the Calculate Net on Original Price option carefully.  The majority of the time, you do not want to do this.  Normal sales are typically part of the consignor agreement, so as the item’s price is discounted, the consignor’s net due is as well.

I've been helping consignment & resale store-owners since 2003. I started The Computer Peeps in February of 2010. After 15 years of working with consignment stores, I understand the unique challenges consignment & resale storeo-wners face. From electrical issues in old building or strip malls, to advocating for them when their consignment software keeps crashing. I now manage over 400 computer systems, servers & websites for store-owners all across North America and I am the developer/programmer of Peeps' Software -- the only software written FOR consignment & resale stores specifically.

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