When to Use Balance Adjustments
Auction Flex allows you to adjust a consignor’s balance in two ways:
Consignor Deducts
Apply fees, commissions, or agreed deductions before issuing payment.Balance Adjustments
Correct an overpayment, apply a refund, or adjust for accounting discrepancies.
These changes ensure consignor settlements accurately reflect auction outcomes, fees, and any negotiated adjustments.
Where to Apply Adjustments
Adjustments can be made within the Pay Consignors workflow or manually through:
Maintain Consignment Orders
Maintain Settlements
Maintain Sellers
The method depends on whether you are adjusting a specific order or a general consignor account.
How Deducts Affect Reports
Deducts appear as line items on the consignor’s settlement report
The adjusted total is reflected in:
Final payout amount
Printed or exported checks
Reporting exports
Be sure to enter a clear description for each deduct or adjustment to maintain transparency with the consignor.