====== Changing Form Of Acquisition To Consigned On An Existing Item ======

This feature allows you to change an item’s **Acquisition Method** from purchased to consigned, as long as the item has no sales history. This can be useful in the event the **Acquisition Method** was accidentally set incorrectly when the item was entered.

To change an item’s **Acquisition Method** from consigned to purchased with this feature, first go to the **Account List** and select the account that has the item to be changed. Once you have opened the account with the item you wish to change:

{{libertyreact:lib:newitem2364.png|NewItem2364.png}}

  - Click the **Inventory** tab.
  - Right-click the **Purchased** item you wish to convert to a **Consigned** item.
  - Click the **Consign Item** menu option. \\ {{libertyreact:lib:newitem2363.png|NewItem2363.png}}
  - Specify the **Cost** of the item (the Consignor net) to be used to the converted item.
  - Then click **OK**

The consignor’s account will then have their balance adjusted automatically (removing the payable balance to reflect the item’s **Acquisition Method** being changed from an outright purchase), and the entered **Cost/Net** will be used once the newly consigned item sells.
==== Next Article In Section ====

Click the following link to move to the next article in this section: \\ [[:inventorymanagement1:changepurchased|Changing Form Of Acquisition To Purchased On An Existing Item]]

==== Related Topics ====

[[inventorymanagement1:changeconsigned]]
[[inventorymanagement1:oneofakinditems:consignmententry]]
[[inventorymanagement1:retailitems:retailitementry]]
[[inventorymanagement1:tradeitems:tradeitemsoverview]]
[[inventorymanagement1:speedingitementry:enteritemsfaster]]
[[inventorymanagement1:adjustitemquantity]]
[[inventorymanagement1:changeitemdetails]]
[[inventorymanagement1:changepurchased]]
[[inventorymanagement1:invchangelocation]]