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If payments are created manually, you can use the Settle transactions page to select invoices for settlement. You can manually select the invoices, or you can use the Mark by priority option to have invoices automatically marked for settlement. The Mark by priority option is available only for Accounts receivable.

The final step in receiving a payment is known as a settlement. Once the settlement has occurred, the transaction is complete.

Transaction settlement is the process of moving funds from the cardholder's account to the merchant's account following a credit or debit card purchase. The issuer will route funds to the acquirer via the card network. For debit card payments, the funds will be withdrawn directly from the cardholder's bank account.

What Is an Account Settlement? An account settlement generally refers to the payment of an outstanding balance that brings the account balance to zero. It can also refer to the completion of an offset process between two or more parties in an agreement, whether a positive balance remains in any of the accounts.

Once a transaction has been approved, settlement is the second and final step. This is when the issuing bank transfers the funds from the cardholder's account to the payment processor, who then transfers the money to the acquiring bank.

An account settlement generally refers to the payment of an outstanding balance that brings the account balance to zero. It can also refer to the completion of an offset process between two or more parties in an agreement, whether a positive balance remains in any of the accounts.

What transactions can be settled. In Accounts payable and Accounts receivable, settlement can occur between any transaction types that affect the vendor balance or customer balance. These transaction types can include invoices, payments, credit memos, and fees.

Transaction settlement is the part of the transaction process where funds are transferred from a customer's account to the merchant's account. Settlement often occurs when the merchant submits a transaction batch to their processor at close of business.

Settlement is an accounting transaction that occurs in accounts payable, accounts receivable, and the general ledger. This transaction is mainly used to settle customer invoices against customer payments or advanced payments.

Transaction settlement is the part of the transaction process where funds are transferred from a customer's account to the merchant's account. Settlement often occurs when the merchant submits a transaction batch to their processor at close of business.