Keep consigned and owned stock straight — and the math honest
Track whose watch it is, what you agreed, and exactly what each party takes home after fees. One system for owned and consigned inventory.
TL;DR
Kigu lets dealers manage consigned watches next to owned stock: record the consignor as a contact, capture the piece with full reference and condition detail, and track the sale with buy/sell prices, fees and expenses so the split and your net are clear. It is general-purpose dealer inventory + P&L software used for consignment, not a separate consignor-portal product.
Consignment lowers your capital risk but raises your bookkeeping risk. Mix up whose watch sold, forget an agreed split, or lose track of fees, and a profitable month turns into an awkward conversation. The fix is keeping consigned and owned inventory in one disciplined system.
One record per watch, owner attached
Add the consignor as a contact, then attach the watch with its reference, serial, condition, papers and agreed terms in the notes. Consigned pieces sit alongside owned stock so nothing falls through the cracks, but you always know which is which.
Track the sale and the split clearly
When a consigned watch sells, log it as a transaction with the sale price, your fees and any expenses. With buy/cost, sale price and expenses captured, your margin — and what's owed to the consignor — is transparent rather than guessed.
Put your terms in writing
Before you take a piece on consignment, agree the split, minimum price and timeframe in writing. Our free consignment agreement generator produces a printable starting point in your browser.
Contacts that remember the relationship
Every consignor is a contact with a history. Over time you build a record of who supplies which kind of watch, what sold, and how quickly — useful when you decide whose calls to take first.
Built for clean consignment books
Frequently asked questions
Does Kigu have a dedicated consignor portal?
Kigu is dealer-side inventory and P&L software. You manage consigned pieces and consignor contacts inside Kigu; there isn't a separate customer-facing consignor login. Many dealers prefer this — one private system they control.
Can I tell consigned and owned stock apart?
Yes. Attach the consignor as the contact on the piece and note the agreed terms, so consigned watches are clearly distinguished from your owned inventory.
How do I track the split?
Log the sale with the price, fees and expenses. With cost and proceeds recorded, your net and the consignor's share are transparent.
Is there a consignment agreement template?
Yes — Kigu offers a free, browser-based consignment agreement generator that produces a printable document. It's a starting point; have a professional review terms for your jurisdiction.
Can I handle cross-border consignors?
Yes, with 30-currency support and stored exchange rates for consistent reporting.
Keep every consignment honest
Track owned and consigned watches — and the split — in one place.
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