We are the recipient of consignment stock and would like a way to manage this as consignment stock in inventory and don't count it as "valued" inventory, yes we still need to keep track of it. Our accountant suggested creating a new account other than an asset account adjust the stock to what we have in house and then make a journal entry - debit asset and credit closing inventory. I don't like this because if your business is bigger than 1 person something will get missed easily plus it seems to "cumbersome". So if we could have something built in think it would be better.