The Close Report is available to reconcile your in-hand auction proceeds against the processed invoice amount within K-BID software. Processed invoices (and therefore close reports) that are incorrect could cause you to pay incorrect amounts to your sellers, the Department of Revenue or K-BID.
K-BID BP billing is also based off of the information collected within processed invoices and the Close Report.
Close Reports can be accessed within an auction by selecting Invoices→Close Report.
Auction Revenue from Closed Invoices:
This report reflects the total amount received based on the processed invoice amounts. This data will only appear AFTER invoices have been processed.
|Sub Total||Total bid prices received for each payment method.|
10% BP collected for each payment method. This total amount will be payable to K-BID.
|C.C. Buyer's Premium||3% BP included on Non-Discounted invoices.|
|Other Fees||Fees added to an invoice for each payment method.|
|Sales Tax||Total sales tax collected for each payment method.|
|Grand Total||Total amount collected for each payment method and the grand total of the auction. This number should match the total amount received from the auction.|
Shows invoice detail based on payment type. The payment amount column will always match the grand total in the Auction Revenue from Closed Invoices report.
Enables you to browse by Lot# to find the Winning Bidder, Invoice # and Winning Bid Amount. If an invoice has been adjusted from the closing bid price, the amount will be reflected in the Adjusted Invoice Amount column.
Exporting Your Data:
You have the ability to export your Invoice Detail and Lot Detail information as CSV files if you wish to store or analyze your auction data in a spreadsheet format. The links are found at the very bottom of the Close Report page.