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Paying Out Individual Consignors

Paying Out Consignors In Bulk

 

Paying Out Individual Consignors


Select the consignor from the Consignor Search section by clicking on their name and then click the "Pay Out" button.

From there you can choose to pay out a specific amount or pay out on individual items.  In most cases paying out on items is the best choice.


Paying out a specific amount

 

Pay Out Differences

Paying out a specific amount will only adjust the consignor's account balance accordingly whereas paying out on items will mark the items as paid as well as adjust the consignor's account balance.
  1. Fill in Pay Out Amount.
  2. Select the Payment Type.
  3. Fill in Check Number if paying by check.
  4. Fill in the Note field with the details of the pay out.
  5. Click the "Submit Payout" button.

 

Paying out on items

  1. Choose the Cutoff Date.  The payout will be limited to entries up to and including this specified date.
  2. Choose whether you'd like the Cutoff Date to apply to the Entry Date or Expire Date of the consignor's account activity.
    1. The Entry Date is the effective date of the account activity entry.  Usually, this is the date an item sold or an account adjustment was made.
    2. The Expire Date is the expire date of a consign item that sold.  This is used by stores that payout for sold items only after they've expired.  If this option is chosen and an account activity entry does not have an expire date (i.e. fees, account adjustments, etc.), the Entry Date will be used as the cutoff type for those specific entries.
  3. Choose the Payment Type.
  4. Fill in the Check Number if you are paying by check.
  5. Fill in the Note field with the details of the pay out.
  6. If you have the option to print checks and you choose to print both a check and the detailed report, note that the check will print first.
  7. Click the "Submit Payout" button. 

     

Negative Account Entries

If there is a negative account entry on the account that you intend to factor into the payout, make sure it is selected along with the other items.

Cash Pay Outs

If you do not see cash as a pay out option you are either paying out from the Back Office or from a terminal that has not been opened yet. Below is a list of pages that will assist you with this.

Paying Out Consignors In Bulk

 

To pay consignors in bulk, click the "Pay Consignors With Pending Payouts" link at the top of the Consignor Search section.

From there you can choose your payout options.

  1. Fill in the Minimum Payout Amount.  This is a cutoff for the lowest amount you want to payout at this time.  The consignors that do not make the cut will keep their current balances.
  2. Select the Payout Type.  Cash is not an option when doing a bulk payout.
  3. Choose the Cutoff Date.  The payout will be limited to entries up to and including this specified date.
  4. Choose whether you'd like the Cutoff Date to apply to the Entry Date or Expire Date of the consignor's account activity.
    1. The Entry Date is the effective date of the account activity entry.  Usually, this is the date an item sold or an account adjustment was made.
    2. The Expire Date is the expire date of a consign item that sold.  This is used by stores that payout for sold items only after they've expired.  If this option is chosen and an account activity entry does not have an expire date (i.e. fees, account adjustments, etc.), the Entry Date will be used as the cutoff type for those specific entries.
  5. If you are paying out by check, fill in the Check Date and the Beginning Check #.
  6. Choose whether or not you want to print a detailed report for each consignor.
  7. Choose whether or not you want to print checks.  If you choose to print the detailed reports and checks, note that the checks will print first.
  8. Uncheck any consignors you do not wish to pay out at this time.
  9. Click the "Payout" button to complete the pay out.
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