====== Payout Preferences ======

The term **Payment Defaults** refers to consignor payouts.

===== To Set Payment Defaults =====

  - From the Main Menu, select **Setup > Options > Payout**. \\ {{libertyreact:lib:newitem626.png|NewItem626.png}}
  - The Maintain Options dialog box will appear. \\ {{payoutpreferences_20260510-120038.png|payoutpreferences_20260510-120038.png}}

===== Payout Preferences Fields =====

  * **Payout Detail** :  Has three options. Each option determines the type of detail to print on the check stub for the items sold.
  * **Long Description** : Prints the **Item Number**, the **Amount Sold** for, and the **Net** (amount the consignor is being paid).
  * **Normal** : Prints the **Item Number**, and the **Amount Paid** to the consignor.
  * **Summarized** : Tells you **How Many Items** were sold through which channels and the **Total** from those channels. \\ **Example**: Sold Online (22) $1,488.10 means 22 items were sold Online for a total amount of $1,488.10.
  * **Summarize Cash Payouts** : When doing a cash payout this option when active will print summarized infortion rather than detailed information.
  * **Print Barcode On Payouts** : Prints the check number in the form of a barcode for clearing checks out of Liberty.
  * **Print Account # on Payouts** : Prints the **Account Number** on the check.
  * **Prompt Before Posting Payouts** : Check to be **Prompted Before** posting checks as paid. It is recommended that this option be left turned on.
  * **Include Layaway items In Total Owed** : Checking this option will cause credit from items on layaway to be available for use for **store credit purchase**. This will also cause these pending transactions to be uploaded to the optional Consignor Login service.
  * **Print Check Message On Top Stub** : Check this option if the check message should be printed on the **Top** stub of the check rather than the bottom stub.
  * **Include Inactive Accounts In Group Payouts** : When checked this will include any accounts that have been inactivated in the **Group Payout Process**.
  * **Offset Check Address** : This is to adjust the vertical offset of a check. The max is 0.25 and the minimum is -0.25. 
  * **Cash Payout Rounding** : You can now round up or down cash payouts, click on this link to learn more about penny rounding: [[pos1:pointofsaleindepth:postingsalesinpos:penny_rounding_with_tables|Penny Rounding]]
  * **Payout Fee Amount** : Enter how much (if any) you will **charge** a client for issuing a payout.
  * **Minimum Check To Print** : Enter the **smallest amount** for which the system process payouts.
  * **Pay Delay** : Use a pay delay for **holding the payout for a set amount of time** from the time the item is sold, to a designated time for the delay.
  * **None** : By default Liberty is set to **None**. This means as soon as an item is sold in store, the consignor can be paid for it.
  * **Previous Fifteenth** : Select to issue payments for in-store sales made up through the **15th day of the previous month**.
  * **Previous Month** : Select to issue payment for in-store sales made up to the **last day of the previous month**.
  * **Days** : Select and enter the **number of days** before a client can be paid after and in-store sale is made.
  * **Web Pay Delay** : Enter the **number of days** before a client can be paid after an item sells online.

Note: The amount entered for **Web Pay Delay** is added to the regular pay delay. **Example**: Regular pay delay is set to 10 days. **Web Pay Delay** is set to 5 days. Account holders will not be paid for items that sell online for 10+5=15 days.
==== Next Article In Section ====

Click the following link to move to the next article in this section: \\ [[:setup:optionalrecsetup:geninventory:consignorcontract|Consignor Contract Creation]]

==== Related Topics ====

[[setup:optionalrecsetup:geninventory:payoutpreferences]]
[[payingclients:payoutsoverview]]
[[setup:optionalrecsetup:geninventory:accountdefaults]]
[[setup:optionalrecsetup:geninventory:categorytagtypes]]
[[setup:optionalrecsetup:geninventory:consignorcontract]]
[[setup:optionalrecsetup:geninventory:itementrypreferences]]
[[setup:optionalrecsetup:geninventory:transactiontypes]]
[[setup:optionalrecsetup:attributes:addchangedeleteatts]]
[[setup:optionalrecsetup:attributes:addeditdeleteatts]]
[[setup:optionalrecsetup:attributes:assignattributestocat]]
[[setup:optionalrecsetup:attributes:attributeinactive]]