What does 'Auction Accounting' mean?

Auction Accounting is a specialized software feature that helps businesses manage and keep track of financial transactions related to auctions. It is specifically designed to cater to the unique needs of auction houses, online marketplaces, and individual sellers who regularly conduct auctions. One of the key features of Auction Accounting is its ability to seamlessly integrate with various auction platforms and sales channels. This means that all data related to bids, sales, and payments can be automatically synced and recorded in a central accounting system. This eliminates the need