US Consignment/Floor
Track consigned and floor-plan financed (dealer floor plan) inventory: curtailment schedules, interest accrual and settlement
Track consigned and floor-plan financed (dealer floor plan) inventory: curtailment schedules, interest accrual and settlement
Key Features
Floor-plan lenders with a default advance rate and
Floor-plan lenders with a default advance rate and annual interest rate.
Financing agreements that pin the advance rate, the
Financing agreements that pin the advance rate, the interest rate and a re-usable curtailment schedule template (e.g. 10% due at 90 days, 10% at 120 days, 15% at 180 days) together with the GL accounts and journal used to post.
Financed units (product, serial/lot, wholesale cost, financi
Flooring a unit posts a balanced entry (Dr floored inventory / Cr floor-plan payable) and generates the curtailment schedule from the agreement template - real due dates (financing date + offset) and real amounts (percentage of the financed
Curtailments - each principal pay-down posts Dr floor-plan
Curtailments - each principal pay-down posts Dr floor-plan payable / Cr cash. Overdue curtailments are flagged by a daily scheduled action.
Interest accrual - accrue interest on the outstanding
Interest accrual - accrue interest on the outstanding financed balance on a day-count basis (balance x rate x days / 365) and post Dr interest expense / Cr interest payable.
Settlement on sale - selling a financed unit
Settlement on sale - selling a financed unit relieves the remaining floor-plan payable against cash in one balanced entry and closes any open curtailments.
Consigned items - consignor, product, quantity received, uni
Consigned items - consignor, product, quantity received, unit value and quantity sold. The settlement owed to the consignor is tracked as a liability and settled on sale with a balanced entry (Dr consignment cost / Cr cash or consignor paya
Lender / unit aging - financed balance, curtailment
Lender / unit aging - financed balance, curtailment amount due, interest accrued and days on the floor, with aging buckets, ready to group by lender.
Screenshots
Consigned Items
Floor Plan Aging
Agreements
Lenders
Financed Units
Why Choose This Module
Dealers and retailers rarely own every unit on their lot. Inventory is often either floor-plan financed (a lender advances the wholesale cost and is repaid through scheduled principal "curtailments" plus interest until the unit sells) or held on consignment (the consignor still owns it and is paid only when it sells). Neither situation fits ordinary purchasing - the unit needs a financed balance, a curtailment schedule, interest accrual and a clean settlement when it finally sells.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: stock, account
- Support: support@pokutsoft.com
Update date: 2026-07-02