Income Statement

Income Statement

The Income Statement report provides a clear overview of your profits and expenses.

The first section, labeled Income, details revenue generated from various sources, including Commission, Surcharges, and any other income streams. This allows you to see exactly where your revenue is coming from at a glance.

Below the Income section is the Expense section, which outlines all costs associated with the auction, such as Marketing Expenses, Labor, and other expenditures. At the bottom of the report, you’ll find the Net Profit, which reflects the total profit after all expenses have been deducted for the selected auction.