Ricochet offers two primary ways to conduct payouts to your consignors:

Individual/Manual Payouts: running a single payout outside of a normal schedule
Bulk Payouts: running payouts for multiple people for sales through a specific date.
- Keep in mind that this is not a date range.
  - For example, if you conduct payouts on the first of every month for the sales of the month prior, simply select the last day of the previous month, and Ricochet will automatically find all of your sold inventory, the respective consignors, and the amount owed to each.
- If you are a vendor-based store, you may need to charge your vendors rent or fees for the month.
  - This can be done with the Bulk Credit Adjustment Tool if you have not set up the Booth Rent feature to have those fees automatically deducted prior to payout.

To conduct a bulk payout:

In Ricochet,

Click Actions
Click Payouts
Select the Pay Through date you wish to run a payout through
- Click Export if you want to use this file record for extra bookkeeping
OPTIONAL -
- Click Expand All to see more details on all of the consignors and items sold
- Click the 3 lines with 3 dots to expand details individually
Check the boxes for the consignors you will payout (uppermost check box selects all)
Click the Run Payout drop down in the upper right
Click Payout Type: Send ACH, Print Checks, Print List, or QuickBooks
Next steps according to payout type:

Send ACH (click arrow to expand)

Add any Convenience Fee amount, if applicable
Choose Funding Source
Check the "I confirm" box to verify the following are correct: # of Consignors to be processed, Payout Total, Pay through date & Convenience Fee.
Click Send ACH
NOTE:
- This will post the payment and mark all affected consignors' sold items as Paid.
- Processing times vary depending on Funding Source. There is a send limit of $10,000 per transaction, so if you need to process more, you will need to do so in separate transactions.
- Any consignors not signed up for ACH will be omitted from ACH payout posting and will need their payout(s) run another way.
- If you are integrated with QuickBooks and want the payout reflected there, toggle ON the option to Post payout to QuickBooks and choose the corresponding Expense List
Click Cancel if you do not want to post and return to the pending payout(s) page.

Print Checks (click arrow to expand)

Verify # of Consignors and Payout Total
Input Check Fee, if applicable
Input First Check Number in the sequence of checks you're printing
Click Print
From your computer's print preview screen, verify the correct printer is selected
Click Print
When sent back to Ricochet,
Click Post
NOTE: This will post the payment and mark all items listed as Paid. This does not equate to paying your consignors, you will still need to give them their checks and account for your banks processing procedures.
Click Cancel if you do not want to post and return to the pending payout(s) page.
CLICK HERE for the checks we recommend. The key is that they are Laser Top Checks, 3 fold (8 1/2 x 11") and Unlined.

Print List (click arrow to expand)

Verify # of Consignors and Payout Total
Optional: Toggle ON Print consignors on individual sheets
Click Print
From your computer's print preview screen, verify the correct printer is selected
Click Print
When sent back to Ricochet,
Click Post
NOTE: This will post the payment and mark all items listed as Paid. This does not equate to paying your consignors, you will still need to give them their funds via Cash, PayPal, Venmo, etc...
Click Cancel if you do not want to post and return to the pending payout(s) page.

QuickBooks (click arrow to expand)

Click HERE for conducting payouts with QuickBooks.

NOTE: To make things simple, we recommend one solid rule: Every single time you post a payout in Ricochet, make sure you also post it to QuickBooks