Accounting

End of financial year is looming for Australian consignment stores. If you dread the bookkeeping catch-up — unpicking marketplace payouts, calculating GST on consignor commissions, reconciling bank deposits with eBay statements — you’re not alone. Consignment accounting is uniquely messy. Most small business software treats every dollar the same. But in consignment, not all dollars are equal: the full sale price includes GST, while the consignor payout is a cost of sale — not taxable. ...

Last updated: May 2026 tl;dr: Consignment software automates payout calculation using configurable commission models (flat-rate, tiered, or per-item). When an item is marked as sold, the software calculates the consignor's share based on the agreed commission rate, tracks the payment through pending → paid → disputed statuses, and generates itemised monthly statements. Consignors can view their earnings and pending payouts through a self-service portal. For accounting, payout data exports to Xero and MYOB via CSV. Consignment stores deal with a fundamental tension: you hold someone else’s inventory, sell it, and need to get them paid — accurately, quickly, and without disputes. Do it wrong and you burn trust with your consignors. Do it manually and you burn hours every month reconciling spreadsheets. ...