Add Consignment Category
To Add A Consignment Category start by going to the Consignment Categories dashboard. This can be found from the main Auction Dashboard by clicking through the Items sidebar entry and then clicking through the Consignment Categories Actions sidebar entry.
Consignment Items should be assigned to a Consignment Category to allow for easier tracking of the expenses involved. If an Expense category is to be used, it must be created first. See ∞ Create Expense Category for more details.
Clicking on Add Consignment Category under the Actions sidebar will allow you to add new Consignment Categories.
Adding A Consignment Category
Since Consignment Categories are best created with an Expense Category assigned to them, please ensure you have appropriate Expense Categories created before adding your Consignment Categories.∞ Create Expense Category
To add a new Consignment Category you will need to enter its Name and select its Expense category from the drop-down selector as well as, if needed, set the appropriate values to calculate the expense.
The Percentage values are accepted as whole numbers, meaning, if you enter
75 into the field it will be treated as
Percentage Of Winning Bid
The Percentage Of Winning Bid is calculated based on the final winning bid amount. This will be used in calculating the final Consignment Expense for the item.
Minimum Percentage Of Value
The Minimum Percentage Of Value is calculated and compared to the Percentage Of Winning Bid calculated value. The greater of the two values is accepted as the amount of the expense.
Maximum Percentage Of Value
The Maximum Percentage Of Value is calculated and compared to the Percentage Of Winning Bid calculated value. The lesser of the two values is accepted as the amount of the expense.
The Notes section can be used for whatever internal references you may have. This information is generally not made available to the public.
An example new Consignment Category (not necessarily a recommendation).
Clicking the Add Consignment Category button will add the new Consignment Category and return to the Consignment Categories dashboard.
An example taken from a demonstration event.
Reviewed: March 2023