Nexto
Customers & accounts

Account Settlement

Account Settlement

When a customer wants to "settle everything up" but their balance is spread across several currencies (say, owing $1,000 and being owed 20 million toman), this page converts all of it at an agreed rate into one "target currency" and closes the account with a single voucher.

Where This Page Fits

  • You get to this page from the Statement or the customer list.
  • The settlement voucher is recorded in the history like a trade and shows up in the statement.

Step by Step

  1. Choose the target currency (e.g., toman).
  2. For each currency with a balance, confirm or adjust the agreed rate (defaults from the board).
  3. Check the preview and save — every currency balance goes to zero, leaving only the target currency balance.

Fields

Field Description
Settlement target currency The currency all balances are converted into.
Rate per currency The agreed conversion rate for each currency with a balance, into the target currency (defaults from the board).
Description Description of the settlement voucher.

Notes

  • After settlement, every currency balance on the account is zero except the target currency's balance (if any).
This guide comes straight from the in-app help and refreshes with every update. Video tutorials · Free demo
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