Payouts Overview (-Obsolete-)

Owned by
Sauharda Rawat (Unlicensed)
Last updated: Sept 15, 2021 by
Varun Kumar (Unlicensed)
1 min read

Definition:

The payout represents the funds you receive from your contact.

With each payout, you will be able to view

  • Contact who has made the payout.

  • Bank Transfer details like Fund Transfer Date, Amount and Bank Reference ID

  • A payout report comprising of following transactions:

    • Receiving payment for an invoice

    • Issuing a refund for an invoice

    • Paying for an expense

    • Receiving a refund for a Void expense.

Payouts Actions

Following operations can be performed on a payout:

  • Add a payout when you receive funds from a contact.

  • Reconcile - Eshopbox app reconciles the payout to match with your receivables and payables.

  • Retry when you want the Eshopbox app to redo the reconciliation of a payout.

Status

A payout can have the following statuses:

  • Success all the transactions included in the payout report have been reconciled.

  • Partial - some of the transactions in the payout report couldn’t be reconciled.

  • Failed - Eshopbox app failed to read the payout report.