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Paying All Consignors At Once (Bulk Payouts)
Paying All Consignors At Once (Bulk Payouts)

How to save time and run payouts to all owed consignors or vendors at once.

Shandara Hart avatar
Written by Shandara Hart
Updated over a week ago

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

  1. Bulk Payouts

    • Save time with Bulk Payouts by entering a date to see all of the sales and corresponding payouts up to that date. Keep in mind that this is not a date range.

      • For example, if you want to conduct a payout on the first of every month, you can select the 1st and Ricochet will automatically find all of your sold inventory, the respective consignors, and the amount owed to each for all 30 days prior.

        From there you can quickly print checks, print list, export the data to whatever spreadsheet tool you prefer or send to QuickBooks *if integrated. If you are using Quickbooks online, Ricochet offers a free integration with Quickbooks Essentials or higher! CLICK HERE to learn more.

    • If you are a vendor-based store, you may need to charge your vendors any rent or fees for the month.


To conduct a bulk payout:

In Ricochet,

  1. Click Actions

  2. Click Payouts

  3. 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

  4. Click the check boxes (on the left side of the table) to select who to run the payout for or click the top most check box to select all

  5. Click the Run Payout drop down

    • Click Print Checks to initiate the print preview to input any check fee, as well as the first check number in the sequence of checks you're printing

    • Click Print List if you print checks with an external service, conduct cash payouts, or use some other form of payment (like Venmo or PayPal) to pay your vendors/consignors

      • NOTE: This action will post the payouts in Ricochet to reflect that you have paid them, but you are still responsible for paying your consignors with your preferred method

    • Click QuickBooks to send the payout data to your Vendors' Expenses tab.

      • 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

  6. Click Post after having completed your choice of action. This will post the payments and mark all items listed as Paid

    • Click Cancel to not post the payout(s) and return to the payouts report


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