Buying and selling used items at the POS

Posted by Alex on February 11, 2008, 2:42 pm

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Our customers sometimes sell us their used equipment, which in turn we
resell to other customers. I figured the easiest way to deal with this for
us and the waiting customer would be to create a "used equipment item" SKU
with price entry at POS required. After this we print a duplicate receipt
attach it to the item and send it back to receiving. At this point they
would have to create a new item copy the cost price (from the duplicate
receipt) into the new items cost price and come up with a retail price and
item description.
Does anybody know of an easier way of doing a "transfer out" for the "used
equipment item" followed by a "transfer in" for that same item to the newly
created ILC?

If anybody has a different/better way or suggestion to do this please let me
know.

Posted by convoluted on February 12, 2008, 10:19 pm

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Hi Alex....if your scenario is a customer walks into the store and you pay
cash or check for their item....then chances are that transaction is being
handled by a higher-up (ie owner, manager, etc) - create the actual SKU the
customer is selling to you in the POS program by using F2 lookup, new, but
SET THE PRICE EQUAL TO THE COST (since you will resell the item you'll
probably set it as tax exempt at this point as well); then list the item on
the sales receipt with a negative qty and refund cash or check (you are
processing in essence a return, so you'll have a qty of 1 in stock after
receipt updates) - then go back to the item properties and SET THE PRICE TO
WHAT YOU WILL SELL THE ITEM FOR; optionally, set all other relevant item
properties (taxable if you charge tax, not allowed on purchase order,
aliases, etc); you may want to create return reason codes (if you're not
already doing so) to track returns that actually are "purchases from a
customer".....hope this helps

"Alex" wrote:

> Our customers sometimes sell us their used equipment, which in turn we

> resell to other customers. I figured the easiest way to deal with this for

> us and the waiting customer would be to create a "used equipment item" SKU

> with price entry at POS required. After this we print a duplicate receipt

> attach it to the item and send it back to receiving. At this point they

> would have to create a new item copy the cost price (from the duplicate

> receipt) into the new items cost price and come up with a retail price and

> item description.

> Does anybody know of an easier way of doing a "transfer out" for the "used

> equipment item" followed by a "transfer in" for that same item to the newly

> created ILC?

> If anybody has a different/better way or suggestion to do this please let me

> know.

Posted by Alex on February 13, 2008, 11:03 am

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Thanks, for the suggestion but any cashier would actually be able to sell us
their used equipment because the customer doesn't get paid right away but 10
to14 days later. These cashiers are not allowed to create items but should
just ring up a return (SKU) so the customer can get out the door a.s.a.p.
For the tender type I'll be creating a "Used Equipment Voucher Credit" so
the transaction can be finalized unless somebody has a different/better
suggestion on how to handle this.

> Hi Alex....if your scenario is a customer walks into the store and you pay

> cash or check for their item....then chances are that transaction is being

> handled by a higher-up (ie owner, manager, etc) - create the actual SKU

> the

> customer is selling to you in the POS program by using F2 lookup, new, but

> SET THE PRICE EQUAL TO THE COST (since you will resell the item you'll

> probably set it as tax exempt at this point as well); then list the item

> on

> the sales receipt with a negative qty and refund cash or check (you are

> processing in essence a return, so you'll have a qty of 1 in stock after

> receipt updates) - then go back to the item properties and SET THE PRICE

> TO

> WHAT YOU WILL SELL THE ITEM FOR; optionally, set all other relevant item

> properties (taxable if you charge tax, not allowed on purchase order,

> aliases, etc); you may want to create return reason codes (if you're not

> already doing so) to track returns that actually are "purchases from a

> customer".....hope this helps

> "Alex" wrote:

>> Our customers sometimes sell us their used equipment, which in turn we

>> resell to other customers. I figured the easiest way to deal with this

>> for

>> us and the waiting customer would be to create a "used equipment item"

>> SKU

>> with price entry at POS required. After this we print a duplicate receipt

>> attach it to the item and send it back to receiving. At this point they

>> would have to create a new item copy the cost price (from the duplicate

>> receipt) into the new items cost price and come up with a retail price

>> and

>> item description.

>> Does anybody know of an easier way of doing a "transfer out" for the

>> "used

>> equipment item" followed by a "transfer in" for that same item to the

>> newly

>> created ILC?

>> If anybody has a different/better way or suggestion to do this please let

>> me

>> know.