How do I account for selling my product at a consignment shop?

Even if your product is in a consignment shop, you still own this inventory. It will remain in your inventory balance on your balance sheet until the consignment shop sells your product. You don't need to record any transaction in your books until the consignment shop sells your product and gives you the cash. At that time, the cash inflow to your bank account will be recorded as a sale.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.