Paying Your Consignors — Let AuctionRPM Do the Math

The auction is complete. The bidding has stopped. Your buyers have been invoiced and checked out. So, what’s left to do?

Oh, that’s right… you still have to pay the consignors!

For an auction company handling merchandise from multiple consignors, determining exactly what everyone is owed can become a significant job. You need to know what each consignor’s merchandise sold for, calculate the appropriate commissions and fees, determine the auction company’s share, and arrive at the correct amount due to each consignor.

AuctionRPM is designed to take much of that labor out of the process.

Because AuctionRPM has been tracking the inventory and sales throughout the auction, the system already has the information needed to help calculate the settlement. AuctionRPM can determine your auction company’s share and the consignor’s share, helping turn what could be a time-consuming post-auction accounting process into a much more manageable task.

And AuctionRPM can take the process one step further: it can even print the actual check for the consignor.

In this tutorial, you’ll see how AuctionRPM helps you move from completed auction results to consignor payment, bringing together the information collected throughout the auction to help you settle with the people who entrusted you with their merchandise.

After all, your consignors are an important part of your auction business. Paying them accurately, professionally, and efficiently is important—and AuctionRPM helps make the process easier.

The buyers are paid up. Now it’s time to pay your consignors. Let AuctionRPM do the calculations so you don’t have to!