Consignment tracking

If you sell on behalf of other people — friends, estate clients, a consignment shop partner — consignment isn’t a bolt-on in ResaleTruth. It’s a first-class flag on the item record with real math behind it.

How it works

When you add or import an item, mark it as consignment. You set:

• Consignor — who the item belongs to (create a consignor record in your Contacts)
• Split percentage — what percentage of net proceeds goes to the consignor (e.g., 60% to them, 40% to you)
• Fee treatment — does your percentage come off gross before the split, or after? ResaleTruth supports both.
• Your cost deductions — materials, shipping supplies, and labor can come out before the split if that’s your arrangement

What happens at sale

When the item sells, ResaleTruth:

1. Pulls eBay fees automatically (same as any item)
2. Deducts your agreed costs (materials, labor if flagged)
3. Applies the split percentage to the remaining net
4. Adds the consignor’s share to their running payout balance
5. Logs your cut as revenue on your P&L

Your P&L only ever reflects your cut. The consignor’s share is a liability, not income.

Payout tracking

In the Consignors view, you’ll see each consignor’s running balance — how much you owe them. When you pay them out (check, Venmo, cash), log the payout and their balance resets.

Payout records include date, amount, and method. This is useful if a consignor ever asks for a statement.

Year-end consignor statements

At year-end, generate a consignor statement from the Consignors view: it shows all items sold on their behalf, gross proceeds, your fees and costs, the split, and total paid out. If any consignor crosses the 1099-NEC threshold ($600+ in a calendar year), this statement gives your accountant what they need.

Why it matters for Schedule C

Without consignment tracking, your gross revenue looks much larger than it is — you’d be paying tax on money that belongs to the consignor. With consignment properly flagged, your Schedule C shows only your net commission income from consignment items, and the consignors’ shares are excluded from your taxable income.

Setting up a consignor

1. Go to Contacts → Consignors → Add
2. Enter their name, email, and default split percentage
3. Optionally add their payment info for payout tracking
4. When you add an item, select their name in the Consignor field

You can override the default split on any individual item if the arrangement is different for that piece.

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Questions? Email support@resaletruth.com — we reply within one business day.