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.
TurnGoods handles this distinction automatically with CSV exports for both Xero and MYOB formats. Four export types, two format families, one workflow.
Why Consignment Accounting Is Different
Here’s the problem that most software gets wrong:
A consignment store sells an item for $500. Of that:
- The store’s commission (say 40% = $200) is revenue — GST applies
- The consignor’s payout (60% = $300) is a disbursement, not income — GST does NOT apply
If you import all $500 as income, you overpay GST and confuse your books. If you only record your commission, your bank reconciliation won’t match.
TurnGoods knows the difference. Sales exports show the full transaction with correct GST treatment. Consignor payout exports show the disbursement with “BAS Excluded” (Xero) or “N-T” (MYOB) tax codes — no GST applied.
What Gets Exported
TurnGoods generates four export types, each designed for a specific import workflow:
1. Sales Invoices — Every item sold during the period, with full sale price, platform sold on, sale date, and correct GST treatment. Import these as sales invoices in Xero or MYOB.
2. Consignor Payouts — Each consignor’s net payout as a separate line. These are NOT taxable — they’re cost-of-sale disbursements. Xero format uses “BAS Excluded” tax type. MYOB uses “N-T” (Not Reportable) tax code.
3. Bank Transactions — Statement-ready format for importing bank feeds. Matches the deposits and payouts from your connected accounts.
4. Contacts — Consignor records with BSB, ABN, and bank details formatted for bulk import into your accounting system. Essential for TPAR compliance.
Xero vs MYOB — We Do Both
The export format differs between Xero and MYOB. TurnGoods handles both:
| Aspect | Xero | MYOB |
|---|---|---|
| Date format | 22 Apr 2026 | 22/04/2026 |
| Tax type | “GST on Income” / “BAS Excluded” | “GST” / “N-T” |
| Contact format | ContactName | Co./Last Name + First Name |
| Prices | Tax-exclusive | Tax-inclusive or exclusive |
| Bank accounts | Single BSB+Account field | Separate BSB + Account fields |
Run the export from the report page, choose your format, download, and import. No manual reformatting needed.
TPAR and ABN Compliance
If you’re paying consignors over $75 per quarter, you need their ABN on file for the Taxable Payments Annual Report. TurnGoods collects ABN during consignor onboarding with 11-digit validation. The contacts export includes ABN data so your accountant has everything they need.
Getting Started
Xero/MYOB CSV export is included in the Growth plan ($79/mo). Run the export from the BAS/GST report page and import the CSV into your accounting software.
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