During the setup process, you’ll need to decide how extensively you wish to use Bidlogix’s financial features. Whatever level you choose, you’ll need to provide certain financial details as outlined below.
Once setup is complete, you can review and edit this information as required, using these instructions.
Basic Required Info
Currency
Used throughout the system by users, admins, and in invoices.Buyer’s Premium
Set as a default amount and applied automatically to each auction or item you create.
This can be changed on a per-auction or per-item basis if needed.Default Deposit Amount
This is not displayed to users.
If you request deposits, this amount can be referenced in system-generated emails.Tax Rates
Apply to hammer price, buyer’s premium, and charges.
Further Basic Settings
Always Request Deposit
(Setting option)Require Spending Limit
When enabled, adds a required field to the registration page asking users to input their intended spending limit.This value is not actionable across the system but is saved to the user’s account.
Admins can view and monitor it manually.
Invoice-Specific Info
Invoicing Logo
By default, no logo is added. You can upload one to appear on all new invoices.Invoicing Auctioneer Name
Defaults to the auctioneer’s name but can be customised (e.g. if financing is handled by a different entity).Invoicing Address
Defaults to the auctioneer’s address but can be customised.Invoicing Contact Number
Also defaults to the auctioneer’s details and can be changed.Invoicing Details
Allows you to customise:Invoice titles (e.g. “Invoice”, “Paid Invoice”, “Credit Note”)
Field labels (e.g. change “Item No.” to “Lot No.”)
Payment Terms
These terms are shown directly on the invoice.Sales Tax Details
Includes:Tax rates (hammer, buyer’s premium, charges)
Labels such as:
Internal Reference Label (e.g. European tax info)
Tax Code Label (e.g. “Company VAT No.”)
Tax Code Value (e.g. “GB123456”)
Tax Code Abbreviation (e.g. “VAT”)
Bank Details
Include bank name and bank address.
Online Payments/Payment Gateways
BidJS now offers an integration with Xero to enable automatic invoicing and payments. Read more about it in this article: How to connect Xero Invoicing and Payments to your BidJS account