Register Of Auction

Overview

This feature is used to keep track of the auction to be recorded within institutions, bearing the control start date, end date and auction mode this can be a sealed envelope or hammer.

 

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Assets ► Auction ► Register of Auction

 

Register of Auction screen Fields and Tabs

Field

Description

ID

Unique identifier. Automatically generated by the system.

Workflow

Shows the workflow status.eg. Created.

Fiscal Year

Fiscal Year when this voucher is created. Automatically assigned by the system with current fiscal year.

Fiscal Period

Fiscal Period when this voucher was created. Automatically assigned by the system with the current fiscal period.

Institution

Accounting office code.

Mode Auction

This attribute can take one of the following values, Closed envelope, Hammer.

Award Item Level

An Auction can be Full Lot i.e. False or Item award Level i.e. True.

Currency

To allow the user to select the Type of Currency. Default is Domestic Currency.

Exchange Rate

Rate of the Exchange.

Date Initial For Receipt Of Bidding

The Date from the Initial Date the Auctions.

End Date For Receipt Of Bidding

The Date from the End Date the Auctions.

Number Of Days To Review Bidding

Number of days to review bidding, this value for default is 0.

Opening Date

The Date from the Opening Date the Auctions.

Payment Method

Reference to an existing Payment Method from the Payment Method feature.

Total Amount Base

This amount is calculated by the sum of all items registered for this auction.

Amount Total Sales

When the process of sale is made the sum of all goods sold is made and the total amount of the amount of auction sale to be updated.

Created By

Shows the user id who creates the auction.

Date and Time of Creation

System Current Date time, Populated automatically by the system at creation time of the record.

Approved By

Populated automatically by the system when corresponding workflow reaches its last Approval.

Date And Time Of Approval

System Current Date time. Populated automatically by the system when corresponding workflow reaches its last Approval.

Language

Country specific language used.

Description

Complete Description of the Auction.

Comment

Comment of the auction.

Awarded

This Field is Read Only; an Auction can be Is Awarded = 'True' or Not Is Awarded = 'False'.

Reason For Not Awarded

This Field is Read Only, Contains Description of the reason for Not Awarded Auction.

Reason For Cancelled

This Field is Read Only, Contains Description of the reason for cancelled Auction.

Auction Items Tab

Auction Items Tab includes items reference to the auction.