Monitor your auction's financial performance through the Budget and Financials section.
Accessing Auction Financials
- Open the auction
- Click Budget & Financials in the workspace navigation
Financial Tabs
- Projected Expenses: Planned costs for running the auction
- Actual Expenses: Real costs incurred
- Projected Income: Expected revenue from item sales
- Actual Income: Real revenue received
- Financial Summary: Overview comparing projections to actuals
Setting Budget Goals
- On the Auction Details tab, set Target Budget and Fundraising Goal
- Add projected expenses to plan costs
- Add projected income based on item values
Tracking Results
After the auction:
- Record actual expenses
- Actual income is calculated from sold items
- View the Financial Summary for net results