Consignment Items

You can use Auctria to track expenses for consignment items for which you pay a percentage of the winning bid or the item's value.

TIP

Before defining consignment categories, create an Expense Category for consignment items to register their cost against.

To use the consignment function, you must define a consignment category which sets the rules for your cost of the consignment item.

On the Item Dashboard, click Consignment Categories.

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The Consignment Categories window appears.

Click Add Consignment Category.

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Enter a name for the category. Name is the only required field.

Select the consignment expense category if you created one. See Create an Expense Category for more information.

Enter percentages according to the cost structure.

The Percentage Of Winning Bid is the percentage of the winning bid this item costs and will be used in calculating the expense. If minimum and maximum percentages are defined, the Percentage is only used if the expense amount falls between the minimum and maximum of the value.

Minimum Percentage Of Value is the minimum percentage of the item's value you must pay if this item is sold. This is the least you will have to pay, regardless of how low the winning bid is.

Maximum Percentage Of Value is the maximum percentage of the item's value you must pay if this item is sold. This is the most you will have to pay, regardless of how high the winning bid is.

Click Save Consignment Category.

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Example:

A travel package has a value of $1,000.

The percentage is set to 50

Minimum percentage is 40 and maximum percentage is 80

If the winning bid is $2,000, then your expense would be $800 ($1,000 x 80%)

If the winning bid is $1,500, then your expense would be $750 ($1,500 x 50%)

If the winning bid is $600, then your expense would be $400 ($1,000 x 40%)

Assign a Consignment Category to the Item

Within Item Details, select the appropriate consignment category in the Pricing section.

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Last Updated: 5/15/2019, 10:48:11 PM