What is Consignment Software?
Consignment software is a tool that primarily helps pawn shops and thrift stores with inventory tracking and auditing. Pawn shops in particular have strict regulations concerning documentation. For both consignment shops and pawn stores, general ledger and payroll are identical with general retailers. Both have special requirements for customer information, accounts payable and especially inventory. Pawnbrokers have unique requirements for accounts receivable to track payments from clients with items in pawn.