SoftGuide > Functions / Modules Designation > Auction accounting

Auction accounting

What is meant by Auction accounting?

The term "auction settlement" refers to the process of settling and processing an auction after its conclusion. This involves analyzing the bids, determining the successful bidders and closing the transactions. This includes the proceeds from auctioned properties as well as fees, commissions, taxes and other costs. The aim is to ensure transparent, legally compliant and comprehensible accounting vis-à-vis bidders, vendors and, if applicable, tax authorities.

Typical software functions in the area of "auction settlement":

Examples of "auction settlement":

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The function / module Auction accounting belongs to:

Auctions