Glossary

Definitions of key terms used in SettleWise.

Terms

Credit Memo

A document that records value owed to a customer. Created when issuing refunds, rollovers, or transfers.

Rollover

Converting a customer deposit into credit for future use instead of refunding.

Refund

Returning payment to a customer, typically for cancellations.

Write-off

Closing an unpaid balance without payment or credit.

Balance Transfer

Moving credit from one customer to another.

Payment Allocation

Matching payments to specific invoices.

QuickBooks Sync

Automatic synchronization of data between SettleWise and QuickBooks Online.

Related

• FAQ - Frequently asked questions