Payout Slips Report

Payout Slip Report

What It Does

The Payout Slip Report tracks tournament payouts in real-time, allowing tournament staff to manage final table payouts, process deals/chops, and document the official payment amounts for each player in the money. This report serves as the official payout record and must be completed before generating the final tournament results.

Why It Matters

This report ensures accurate and transparent prize distribution, enables proper documentation of player payouts, and provides a mechanism for handling deals and adjusted payouts. It's essential for tournament integrity, financial accuracy, and regulatory compliance.

Accessing the Report

1. From the main menu, select Reports

2. Click on Tournament Reports

3. Select Payout Slip Report

4. The report will display with your property logo and tournament details

5. Use the administrative controls to manage payouts

Report Features

Tournament Header Information

The top section displays key tournament details:

• Tournament name and date/time

• Property logo and branding

• Entry fee and prize pool information

• Total entries count

• GTD (guaranteed prize pool) amount

• Amount paid out total

Player Payout Grid

For each in-the-money player, the report shows:

• Place finish

• Percentage of prize pool

• Standard payout amount (based on prize structure)

• Final payout field (editable for chops/deals)

• Player name and ID

• Player signature field (for printed versions)

• Time of bust/elimination

• Employee who processed the payout

• Print button for individual receipts

Administrative Controls

The report includes several management functions:

• Add Position: Add additional payout positions

• Remove Position: Remove payout positions

• Save: Confirm and lock in the final payouts

• Totals row showing prize pool distribution verification

How to Use This Report

Standard Payout Processing

1. As players bust in the money, their information automatically populates

2. Verify standard payout amounts match tournament structure

3. Process each player's payout individually or in batches

4. Print payout slips for players to sign

5. Save the report when all payouts are complete

Managing Deals and Chops

1. When players agree to a deal, click the editable Final Payout fields

2. Enter the agreed-upon amounts for each player

3. Verify the total still equals 100% of the prize pool

4. Save the changes to update the official payouts

5. Process payouts using the adjusted amounts

Finalizing Tournament Results

1. Complete all payout entries in this report

2. Save the final version

3. Once saved, you can then generate the Tournament Final Results report

4. The Tournament Final Results will reflect the payout amounts recorded in this report

Documentation and Compliance

• Print copies of the completed report for tournament records

• Maintain signed payout slips for accounting and compliance

• Include in tournament files for regulatory review

• Use for tax reporting and player documentation

Administrative Features

Add Position

• Adds an additional payout position to the structure

• Useful for adding spots during guarantee situations

• Helps accommodate special payouts or promotional awards

Remove Position

• Removes a payout position from the structure

• Can be used to consolidate payouts in special situations

• Requires proper authorization and documentation

Save

• Locks in the final payout structure

• Creates the official record of tournament payouts

• Required before generating final results report

Best Practices

• Verify Prize Pool: Double-check that the displayed prize pool matches the Funds Received report

• Real-time Processing: Update the report as players bust out to keep it current

• Deal Documentation: Keep written records of any deals/chops in addition to this report

• Signatures Required: Always get player signatures on printed payout slips

• Reconciliation: Match this report against cage payout records at tournament conclusion

• Audit Trail: Maintain the full report for tournament documentation

Common Questions

Q: Can I edit payouts after they've been saved? A: Once the report is saved and finalized, payouts cannot be changed. Always verify before saving.

Q: How do I handle a chop where players want to keep the official places but change amounts? A: Enter the agreed amounts in the Final Payout field while keeping the places unchanged. The official results will show the original places with the adjusted amounts.

Q: What happens if the final payout amounts don't add up to exactly the prize pool? A: The system will highlight any discrepancies. All final payouts must sum to exactly the prize pool amount.

Q: Can I use this report for satellite tournaments? A: Yes, you can use this for any tournament that pays prizes, including satellites where the payouts might be tournament entries rather than cash.