Nexxo
Settling up
The agreed point at which expenses are consolidated and final balances calculated.
What it means
The agreed point at which expenses are consolidated and final balances calculated.
An everyday example
At the end of a trip, review all entries and settle only the remaining differences.
Why it matters when splitting expenses
Agree the allocation rule, reference currency and settlement date with your group. Keeping these details visible helps avoid misunderstandings when expenses and repayments happen on different days.
