SettleWise

Payouts

Track and manage business expenses, vendor payments, and bills

The Payout add-on lets you track business expenses — vendor payments, bills, utilities, payroll, and more. Record payouts, categorize them, extract invoice data with AI-powered OCR, and sync to QuickBooks automatically.

Key Features

FeatureWhat it does
Payout TrackingRecord expenses with amount, vendor, category, payment method, and register
Vendor ManagementCreate and manage vendors with payment terms and default categories
Invoice OCRUpload an invoice image and AI extracts vendor, amounts, line items, and dates
Categories10 built-in categories plus custom ones, each mapped to a QuickBooks account
QuickBooks SyncCompleted payouts auto-post as Purchase expenses in QuickBooks
Weekly ReportsAccountability reports with Excel export and Google Drive upload

Payout Statuses

StatusMeaningBalance impact
PendingPayout created but not finalizedNo impact
CompletedPayout confirmed — register balance decrementedBalance reduced
CancelledPayout cancelled — balance restored if previously completedBalance restored
VoidedPayout voided — balance restored, QB transaction voidedBalance restored

Vendors

Vendors represent the people or businesses you pay. Each vendor has:

FieldDescription
NameVendor name
TypeSupplier, Contractor, Utility, Landlord, or Other
Payment TermsDue on receipt, Net 15, Net 30, Net 60, or Net 90
Default CategoryAuto-assigned when creating payouts for this vendor
Default Payment MethodPre-selected payment method
QuickBooks LinkSynced as a Vendor in QuickBooks

Manage vendors from Payouts → Vendors.

Categories

Categories classify your expenses and map to QuickBooks accounts for accurate bookkeeping.

Built-in categories:

CategoryQuickBooks Account Type
SuppliesSupplies
RentRent or Lease
UtilitiesUtilities
PayrollPayroll Expenses
InventoryCost of Goods Sold
EquipmentEquipment Rental
TravelTravel
InsuranceInsurance
Professional ServicesProfessional Fees
OtherOther Expenses

You can create custom categories from Payouts → Categories with your own name, icon, color, and QuickBooks account mapping.

Invoice OCR

When creating a payout, upload an invoice or receipt image. The AI-powered OCR (Google Gemini) extracts:

  • Vendor name (with fuzzy matching against your vendor list)
  • Invoice number and dates
  • Subtotal, tax, and total amount
  • Individual line items (description, quantity, unit price, total)
  • Payment method and reference numbers

Each field gets a confidence score (high / medium / low) so you know which values to double-check. The extracted data pre-fills the payout form — you just review and confirm.

Register Balance

Payouts integrate with your registers:

  • Completed payouts deduct from the register balance atomically
  • Voiding or cancelling a completed payout restores the balance
  • This keeps your register balances accurate — incoming payments add, outgoing payouts subtract

QuickBooks Sync

Completed payouts sync to QuickBooks automatically as Purchase transactions:

Payout Payment MethodQuickBooks Payment Type
CheckCheck
Credit CardCreditCard
All othersCash

The sync is non-blocking — if QuickBooks is unavailable, the payout is still created locally, but it will not retry automatically. You'll need to retry the sync manually. Voided payouts also void the corresponding QB transaction.

Weekly Reports

Payout reports group expenses by week (Monday–Sunday) for accountability:

  • Period tracking — each report covers one week, no overlapping periods
  • Excel export — download formatted spreadsheets with OCR data and signed invoice URLs
  • Google Drive upload — automatically upload reports to your connected Drive folder
  • Unreported payouts — the system tracks which payouts haven't been included in a report yet

Related