Nexxo
Settlement payment
Making the final payments after debts have been simplified.
What it means
Making the final payments after debts have been simplified.
An everyday example
Pay the net amount due and record the reimbursement in the group.
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.
