1. SimpleConsign
  2. Consignor Management
  3. Payouts

Consignor Payouts

Updated
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Pay Out Individual Consignors

  1. From the Consignment tab, navigate to the Consignor Search section and select the desired consignor by clicking their name.
  2. Click the Pay Out button.

    payout 1.png

  3. You have two methods for processing payouts:
    • Paying out a specific amount
    • Paying out on items
 
payout2.png
 
Important note: It is generally advisable to pay out based on individual items to ensure proper reconciliation and prevent duplicate payouts for the same items.

Pay out a specific amount

This method adjusts the consignor’s account balance but does not reconcile individual items.

Steps:

  1. Enter the payout amount.
  2. Select the payment type.
    • (Optional) If paying by check, enter the check number.
    • (Optional) Add notes to provide additional details about the payout.
  3. Click Submit Payout to complete the process.

    payout4.png

Pay out on items

This method adjusts the account balance and marks selected items as paid.

Steps:

  1. Select the cutoff date to limit the payout to entries on or before that date.
  2. Specify whether the cutoff date applies to the Entry Date or Expire Date of the consignor’s account activity.
  3. Choose the payment type
    • Options:
      • SimpleACH (must be enabled at the Store and Consignor level)
      • Cash
      • Check
        • If paying by check, enter the check number.
      • Store Credit
  4. Add notes to provide additional payout details (Optional).
  5. Click Submit Payout to finalize.
    • If printing both a check and a detailed report, the check will print first.

payout3.png
 

Handle Negative Account Entries

If the consignor’s account has a negative entry you want to include in the payout, ensure it is selected along with the other items before submission.
 

Cash Payouts

If cash is not available as a payment option, it may indicate that you are processing the payout from the Back Office or from a terminal that has not yet been opened. For more details, refer to:

Pay Out Consignors In Bulk

  1. To process bulk payouts, click the Pay Consignors With Pending Payouts link in the Consignor Search section.

    payout5.png

  2. Enter the minimum payout amount to set a threshold for the smallest payment amount. Consignors with balances below this amount will retain their current balance.

    payout6.png

  3. Select the Payout Type.
    • Options:
      • SimpleACH (must be enabled at the Store and Consignor level)
      • Check
        • If paying by check, enter the check date and beginning check number.
      • Store Credit
      • *Cash payments are not available for bulk payouts.
  4.  Choose the cutoff date to limit the payout to entries on or before this date.
  5. Specify whether the cutoff date applies to the Entry Date or Expire Date of the consignors' account activity.
  6. Choose whether to print a detailed report for each consignor and/or print checks (Optional)
  7. Click Apply Filters and Search to view consignors eligible for payout based on the selected filters.
  8. Uncheck any consignors you do not wish to include in the payout.
Important note: If printing both checks and detailed reports, the checks will print first.
 

 

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