Does consignment stock appear in Odoo's inventory valuation?

No. Stock whose owner is a partner other than your own company is left out of valuation, so receiving and selling it posts no stock valuation entries. It still counts in on-hand quantities, the Locations report and Moves History.

Does Odoo bill the vendor automatically when consignment stock is sold?

No. Odoo 19 has no automatic settlement for consigned goods. Report what was delivered from the vendor's stock in the period, then create the vendor bill for those quantities yourself.

How do I track my own stock held at a customer's site?

Create an internal location for each customer, outside WH/Stock, and move stock there with internal transfers. Leave the owner empty: the stock is still yours, so it stays in your valuation until you invoice what the customer has used.

Consignment Stock in Odoo: Vendor-Owned and Customer-Held Stock

By Sajjal Bajaj · Oct 17, 2026 · 8 min read · Odoo Odoo 19 Setup Inventory Inventory Management Stock Control Supply Chain Distribution

Short answer: in Odoo 19, tick Consignment in Inventory ‣ Configuration ‣ Settings (in the Traceability section). For vendor consignment, create a receipt by hand with the vendor in both Receive From and Assign Owner: the stock can be picked and sold, but stays out of your valuation. Odoo doesn’t bill the vendor for you, so report what was sold from the vendor’s stock and create the vendor bill. For your own stock held at customers, use one internal location per customer, outside WH/Stock, and sell from it when the customer reports usage.

For how valuation works generally, start with my explainer on inventory valuation and landed costs in Odoo.

Applies to

Odoo version: Odoo 19. The Odoo 20 consignment page describes the same steps and adds that consignment stock is also left out of the Aging report. In the Odoo 20 code the setting, the owner fields and the valuation rule are unchanged.
Edition: Community and Enterprise. Ownership and its effect on valuation are part of the standard Inventory and stock accounting modules.
Apps: Inventory and Sales, plus Invoicing or Accounting for the vendor bill.

Before you start

Agree the terms in writing: who owns the goods, the price you settle at, how often you settle, how unsold stock goes back, and who carries damage or shrinkage.
Products are tracked goods (Goods with Track Inventory ticked) with Sales ticked. Putting the consignor and its agreed price on the Purchase tab keeps the settlement price in one place.
For customer consignment, enable Storage Locations in the Warehouse section of Inventory settings.
Decide whether you’ll hold your own and consigned stock of the same product. Odoo doesn’t prefer one owner over the other when picking (see Troubleshooting).

Step by step

Vendor consignment: stock you hold but don’t own

Go to Inventory ‣ Configuration ‣ Settings, tick Consignment under Traceability and click Save.
Go to Inventory ‣ Operations ‣ Receipts and click New. Consignment isn’t bought, so there’s no purchase order: every consignment receipt starts by hand.
Set Receive From to the vendor and Assign Owner to the same vendor. Assign Owner only appears on receipts.
Add the products and quantities, then Validate. Odoo records the vendor as owner of that stock.
Sell as usual. A sales order to any other customer reserves the stock and delivers it; the line’s details on the delivery show the From Owner of the stock taken.
At the end of each settlement period, open Inventory ‣ Reporting ‣ Moves History, filter Done and Outgoing, set the dates, search Owner for the vendor and group by Product. Leave out any returns to the vendor, which are outgoing too. What remains is the quantity sold from the vendor’s stock.
Create the vendor bill under Accounting ‣ Vendors ‣ Bills (Invoicing in Community) for those quantities at the agreed price. Consigned goods are never valued, so selling them posts no stock valuation entry: the bill is where their cost enters your books. Agree the account with your accountant before the first one.
To send unsold stock back, use Return on the original receipt and validate.

Customer consignment: your stock at a customer’s site

Go to Inventory ‣ Configuration ‣ Locations and click New. Name it after the customer, choose the warehouse’s top location (for example WH) as Parent Location, not WH/Stock, and set Location Type to Internal. Outside WH/Stock, ordinary deliveries won’t reserve from it.
Send stock with an internal transfer (Inventory ‣ Operations ‣ Internal, then New) from WH/Stock to the customer’s location. Leave the owner empty: the stock is yours. Moving between two internal locations posts no valuation entry, so it stays in your stock value.
When the customer reports what it used, create a sales order for that quantity and confirm it.
On the delivery, change Source Location to the customer’s location before validating. Odoo releases anything it had reserved in WH/Stock and reserves from the customer’s location instead; click Check Availability if it doesn’t. Validate, then invoice from the sales order.
Count the customer’s location regularly with Inventory ‣ Operations ‣ Physical Inventory, filtered on that location, so Odoo matches what is really on the customer’s shelf.

If you sell from one customer’s site often, a separate warehouse for it is the alternative: choosing that Warehouse on the sales order’s Other Info tab makes the delivery come from it without editing locations.

Worked example: an auto-parts distributor

A Ludhiana auto-parts distributor holds a bearing maker’s stock on consignment and keeps its own oil filters at a large workshop customer. The names and figures are illustrative.

Vendor side. On 1 October it receives 200 bearings with Receive From and Assign Owner both set to the bearing maker. During October it sells 120 to various garages through normal sales orders.

Report on 31 October	What it shows
Moves History (Done, Outgoing, Owner = bearing maker)	120 bearings delivered
Locations	80 bearings in `WH/Stock`, Owner: bearing maker
Stock valuation	No value for the bearings

Finance then enters a vendor bill from the bearing maker for 120 bearings at the agreed price.

Customer side. The distributor creates WH/Sharma Motors Consignment as an internal location under WH and transfers 50 oil filters there. At month end Sharma Motors reports 18 used. A sales order for 18 is confirmed, its delivery’s Source Location is changed to Sharma’s location, and the invoice follows. The other 32 filters stay in the distributor’s valuation, at the customer’s site.

What you should see

Assign Owner on receipts, and an Owner column and Owner grouping in Inventory ‣ Reporting ‣ Locations.
Vendor-owned stock in on-hand and forecasted quantities, but not in the stock valuation report.
Stock at customer locations in both on-hand quantities and valuation.
In Moves History, vendor-owned moves you can search by Owner.

Troubleshooting

There’s no Assign Owner field. Consignment isn’t enabled, or you’re not on a receipt: the field only shows for incoming operations.

Consigned stock shows up in valuation. The owner was left empty, or set to your own company, which counts as your stock. The owner can’t be edited on existing stock lines, so correct it with your accountant: count the wrong line to zero and add a new line with the right owner in Physical Inventory.

A reordering rule doesn’t trigger even though your own stock is low. On-hand and forecasted quantities include vendor-owned stock, so the rule sees it as available. Review Min and Max for consigned products, or keep them as separate products.

A delivery took your own stock instead of the consignor’s, or the reverse. Odoo reserves by removal strategy, whoever the owner is. If the difference matters, keep consigned goods as a separate product, for example under the vendor’s reference.

A customer returned consigned goods and they came back as yours. Returns don’t carry the owner back. On the return receipt, set Assign Owner to the vendor before validating.

Customer-site stock is used for ordinary orders. The customer’s location sits under WH/Stock. Change its Parent Location to WH.

Official references

Odoo 19 documentation: Consignment: buy and sell stock without owning it
Odoo 19 documentation: Locations
Odoo 19 documentation: Locations report
Odoo 19 documentation: Moves history
Odoo 19 documentation: Inventory valuation
Odoo 19 documentation: Vendor bills

How this guide was checked: menu paths, field names and behaviour were checked against the Odoo 19 documentation and the Odoo 19 code for receipts, stock ownership, reservation, returns and stock valuation in October 2026. The consignment page in the documentation still shows some older labels, so field names here follow the Odoo 19 code. The worked example is illustrative and wasn’t run on a live database, so there are no screenshots; labels can vary slightly with your installed apps and language.

Holding stock you don’t own, or keeping yours at customers’ sites? See Odoo implementation and I’ll help you set up ownership, locations and settlement so the numbers agree with your accountant’s.