Processing Payouts — Creating and Printing Checks

This article will review how to process payments by printing checks within SkySlope Books. The process will vary depending on whether you record the payment on the Edit Deal Page or the Remaining Payouts screen.

 

Edit Deal Page - Create Check

exclamation.png Before you begin processing payouts, best practice is to confirm payments have been received prior to processing any payouts. Click here to learn how to do that in bulk.  However, if you don't confirm payments until after disbursement, that option is available as well.

  1. Navigate to the deal.
  2. Once in the deal, click on Payouts at the top of the page.
  3. Then, navigate to the Remaining tab to see which payouts are remaining.
  4. Click Process Payout and select the Create Check payout method.
  5. Next, you will select the bank account you'd like to use to process the selected payment. 
  6. Click Save & Proceed.
  7. Once you've done that, the payment will be converted into a Bill and will be ready to print. Click Print Check to proceed with printing.

Process Create Check 2.gif

 

Remaining Payouts - Create Check

exclamation.png Before you begin processing payouts, best practice is to confirm payments have been received prior to processing any payouts. Click here to learn how to do that in bulk.  However, if you don't confirm payments until after disbursement, that option is available as well.

  1. In the left menu, navigate to Deals.
  2. Then, navigate to Remaining Payouts.
  3. Select the payments you want to process.
    Important: For batch processing, you can only select payments that will be processed via the same payment method. For this example, only select the payments you'd like to create bills for and pay at a later date.
  4. After selecting the payments, select Create Checks.
  5. In the next window, you will select the account that will be used to process the selected payments.
  6. At the bottom of this screen, there is a toggle switch to Combine Payments. With this option turned on, multiple payments for one individual will be combined into a single payment, totaling the sum of all individual payments.
  7. Click Save & Proceed.
  8. Once you've done that, each payment will be converted into a bill that can be accessed under Payments Made.

 

Printing Checks

Are you ready to print? Take a look at our tips and best practices for printing checks to ensure they're aligned correctly! 🖨️

 

On the Payments Made page, three statuses apply to check payments:

- Not Printed: Checks that are ready to print.

- Uncleared: Printed checks that have not been reconciled in SkySlope Books. If you don't reconcile in SkySlope books, checks will remain Uncleared indefinitely.

- Cleared: Printed checks reconciled in SkySlope Books (which is not required).

  1. Navigate to the Purchases section and then to Payments Made. Any checks that are ready to be printed will have a Not Printed status. Use the Status drop-down to filter by status and easily locate any pending check payments.
  2. Select the checks you are ready to print. 
  3. Click Print Checks.
  4. In the next window, you will be able to preview the checks and make any necessary adjustments.
    Use the horizontal and vertical shifts to make any necessary adjustments to how the text prints on your checks.
  5. Click Print. (Don't worry, they're not being sent to the printer just yet.)
  6. In the Print Preview window, you can select the print destination. Once you're ready, click Print! (Now they're actually being sent to the printer.)
  7. After the checks have been printed, you will enter the number of the first check in the batch. Then click Next.
  8. After that, we will automatically number the following checks sequentially for you! If you need to change one of the check numbers, you can do so on this screen.
    Additionally, if a check didn't print correctly, select No to return it to the queue to be re-printed.
  9. Click Save.
  10. Now, those checks will be removed from the Not Printed list.

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