Sending Payouts

Paying out consignors is one of the most important routines in your store so it's important to have a good grasp of the ins and outs.

Paying out a consignor

Every account has a running balance shown on its detail page. When you're ready to pay a consignor, open their account and choose Pay Out. You can settle the full balance or a partial amount. By default, ConsignCloud pays out everything as of today, but you can set a specific Payout Date if you cut checks on a set schedule, like the 15th of each month.

Bulk payouts

If you want to pay out multiple accounts at once, you can filter the accounts table to just the accounts that match your criteria. Maybe you only pay out accounts when their balance hits over $5.00. Then click Pay Out Accounts and choose "Matching Filters." Follow the steps to choose your payout type and other details. If you're paying with ACH it's common to add a payout fee to cover the cost of the ACH fee if your consignor agreement allows for it.

You'll be asked to confirm the payout and then you can generate payout receipts for each account.

Balance Adjustments and Records

Sometimes you may need to adjust a balance manually. Just click Adjust Balance, choose your adjustment ¡type and amount, enter a memo and hit confirm. Every payout and balance adjustment is logged in the account's history, so there's always a clear record for both you and your consignor. You can even view the audit log to see which store user made the adjustment and when.