The cost of the items sold is COGS, the amount of the consignment fee is an expense and not COGS.

you record the full amount of the sale as your income using a sales receipt and the inventory items you sold. That accounts for income and the cost of the items […]

Resolution for 'actually received issue: 'Does the 30% consignment fee get tracked by me as a COGS as the consignor? Is this done at the time of deposit or on the sales receipt? Merchant fee be handled the same?' available: Yes.

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