Completing Your Account: Make a profit with Fullscript

In this article: 

Make a profit with Fullscript
Tax information
Adding bank accounts
Dispensary & patient discounts
Payouts

Make a profit with Fullscript

Setting up a profit account allows you to earn a margin of sales that are placed through your dispensary. By converting to a profit account, you become the seller of record and authorize direct deposit payouts to your bank account. 

Select Create a profit account and select a profit margin (%) during account setup. Change your margin at any time from the Payment tab within your Dispensary Settings.

You'll be required to enter your personal and/or business details and accept the terms of service to convert to a profit account.

Select Create profit account to earn a margin of your dispensary's sales.

Warning! Profit accounts cannot be reverted to no-profit accounts at a later date. 

Tax information

When converting to a profit account, the account holder will become the 'seller of record' inheriting the responsibility to report income earned from Fullscript come tax season as required in your region. Sales tax responsibility is maintained by Fullscript.

Completing and submitting your tax information is the first step to converting your account to a profit account. Learn more about the requirements in Providing your Tax Information.

Warning! Entry errors can delay verifying your account with our payment processor, Stripe. It's important to ensure the information is accurate and matches what the IRS/CRA would have on file on the date your information is submitted.

Adding bank accounts

We'll require your bank account details to deposit payouts directly into your account. Add your preferred bank account in the Payment tab of your Dispensary Settings. This can only be entered after you have completed your account setup by entering your tax information.

Refer to Providing your Banking Information to learn how to add a bank account to your dispensary.

Dispensary & patient discounts

Similar to dispensary discounts, individual patient discounts will also apply to all products in your dispensary. Patient discounts are in addition to dispensary discounts, and cannot exceed the maximum discount percentage available for your region.

Dispensary discounts

The dispensary discount can be updated at any time from the Payment page in Dispensary Settings. This discount applies to all patients.

Patient discounts

Unlike a dispensary discount, updating a patient's discount will not impact any other patient's discount in your dispensary. Patient discounts can be set when adding a patient to your dispensary or by editing an existing patient's profile.

Setting a patient discount while adding a new patient.

Payouts

As orders are shipped, proceeds earned are accumulated and deposited directly into your bank account. View your current balance, bank account details, and next scheduled payout date in the Payment tab of your Dispensary Settings.

After your first payout, Reports will be available in the menu on the right side of your screen, accessible by hovering over your avatar. 

Viewing bank account and payout details in the Payment tab of the Dispensary Settings.

Note: By default, available earnings will be paid every 30 days to the active bank account in your dispensary.