Knowing how much money you owe consignors, how they made it, and whether it has been paid out is crucial to running any consignment business. Our Payouts Summary report aims to answer those questions as succinctly as possible.
Understanding the Payouts Summary
You can find your Payouts Summary under Reports. This table is pretty straightforward — the final row is the total of all the rows above it. Here's how the breakdown works:
Consignor Portion of Sales — This is exactly what it sounds like : the amount of the sales going to your consignors.
Consignor Surcharges — adjustments taken directly out of the consignor's portion per your surcharges. These are included here, not in the Sales Summary because they don't affect the price of an item.
Consignor Credit Used — payments made using store credit. This number matches the Store Credit number in the Sales Summary.
Buy Outright Purchase Credit — credit based on the cost of buy-outright items entered during the time period.
Arbitrary Balance Adjustments — adjustments manually added to an account.
Settlements — payouts of store credit; these will decrease the balance on an account.
NOTE: This is not a report of payouts, though that's part of it. Rather, it's a summary of changes to your accounts' balances. This means for example that the total at the bottom may be negative, if more payouts were issued during the time period than credits to consignor accounts.
Date Range
The date picker is inclusive, meaning the report will show data from the selected days, as well as all the days in between. To view data for a single day, set the date pickers to the same date.
