The three Inventory types in ConsignCloud are Consignment, But Outright, and Retail, and all three affect split and Account Balance differently.

When a Consignor brings a Consignment item into a store, that item is now shared with the store owner. Once the item is sold, the amount that they receive from the sale is determined by the Split.

Any time a split is referred to by a percentage (i.e. 30%), that percentage is whatever portion goes to the consignor not the store. This is also the first number in a fraction split. So, a 30/70 split or 30% split is 30% to the consignor and 70% to the store.

When an item sells at a 30% split, and the tag price is $100, $30 is immediately put into the Account's Balance (unless a discount or surcharge is applied on the item that affects the split). For more on discounts and surcharges, see the articles below.

The Balance is added to the Account at time of Item Sale.

Buy Outright means that the store is buying the item from the Consignor. Instead of the Account Balance being determined by the tag price and the split (percentage of the tag price), Buy Outright Items affect the Account's balance directly from the Cost Per field. This means that when you are creating an item with Buy Outright Inventory Type, the Tag Price is the price you are selling the item at, and the Cost Per Price is the amount that you are buying the item from the Consignor for. This price goes straight into the Account's balance at time of item entry.

Often, Buy Outright is listed as a 0% split. This is because, apart from the Cost Per Price, 0% of the sale goes to the Consignor. The rest goes to the store.

A Retail Item is an Item owned entirely by the store. If this was previously a Consignment item brought in by an Account, you can keep the Account field on the item, but that is optional.

The reason that Account fields are optional on Retail items is Retail items are owned by the store and 100% of the profits go to the store at time of item sale. Meaning that there is no balance to go into the account if the item does sell. For instance, if you buy 30 belts from Walmart, those are not consignor items, and therefore don't need an account, only a Cost Per. When they sell, 100% of the revenue will go to the store.