Contracts

Creating a contract in Reselly allows you to manage product buyouts, consignment agreements, and store credit allocations with ease. This page explains how to create and manage contracts, ensuring accurate pricing, clear terms, and streamlined record-keeping.

Demo:

Documentation:

1. Open ReSelly in Shopify POS

• Log into your Shopify POS store.

2. Access the Contracts tile

• Click on the Contracts tile from the main dashboard or sidebar menu.

3. Create a Contract

• On the Contract page, click the Create New button.

4. Fill the Basics section

• In the Basics section, select a Draft Status for your contract.

Example: Pending

Tip: You can customize your contract draft statuses to cater towards your business needs by creating custom statuses in the Settings module.

• Next, verify your location. This location field will be automatically populated based on your POS location.

Example: My Custom Location

• Lastly, select a customer for your contract in the Customer field.

Example: Karine Ruby

5. Add Contract Items

• In the Items section, add items by clicking the Add new button.

• After clicking the Add new button, you'll be redirected to a new page where you can input the details of the item:

Tip: The category, is new checkbox, Color, and New Import fields are Custom Fields created for this store. You can create your own custom fields by navigating to the Settings module and going to the Contracts section.

• The page includes multiple fields to specify the details of your item:

  • Entered Date: Select the date when the item is added (default is set to "Today").

  • Brand (required): Search and select the brand of the product.

  • Product Type (required): Search and choose the type of product.

  • Size: Specify the size of the product, if applicable.

  • Product Title (required): Enter the name of the product.

Example:

6. Setting Financial Details:

• In the lower section of the page, set your financial details:

Example: Retail Price = $5000, Buyout % = 30%

Tip: If your store has predetermined rates for certain contract types, you can configure these fixed rates to automatically apply to your contracts in the Settings Module.

• Buyout (required): Enter the percentage (%) for buyout pricing and the dollar amount ($) will automatically be calculated.

• Store Credit (required): Specify the store credit percentage (%) and the dollar amount ($) will automatically be calculated.

• Consignment (required): Provide the consignment percentage (%) the and dollar amount ($) will automatically be calculated if the consignor is placing the product on consignment with your store.

7. Save the Contract

• Once you have entered all necessary details, click the Save button on the bottom of the page.

• The item you added will appear in the Items section.

Example: 1. Item

• You'll be redirected to the main contract page. Click the Save button on the top of the page after verifying your details.

• After your contract is saved, the contract will be assigned a contract number for easy identification.

Example: Contract #86

8. Approve the Contract or Mark Items as Passed - Coming soon to POS

• If you would like to approve the contract, click the Approve button.

• Once you have approved the contract, the contract status will change from Draft & Pending (or a different status depending on your custom configurations) to Approved.

• The product in your contract will also register as a product in your Shopify Inventory.

• If you do not approve of certain products within the contract, you can click Mark as Passed to disregard the product.