SettleWiseRegisters & CashWhere money sits
RG-01Place the money

Choose where a payment lands

A payment is being validated. The lodge must say which account received it.

Track

Where money sits

Phase

Place the money

Starts with

Payment without place

Ends with

Money in a register

You are here

RG-01
  1. RG-01Choose where a payment lands
  2. RG-02Send card payments to one register
  3. RG-03Move money between registers
  4. RG-04Record and correct a deposit
  5. RG-05Reconcile a register

The situation

Money is only official when it has a place: the bank account, cash box, or wallet it actually reached.

What starts it

Accounting validates a payment.

How it unfolds

AccountingSystem
  1. 1

    SettleWise pre-selects the default register for the payment's currency

    System

    Defaults are set per currency on each register.

  2. 2

    Accounting keeps it or picks the account that really received the money

    Accounting

    Only registers in the payment's currency are offered.

  3. 3

    Validation cannot finish without a register

    System

    This is the key moment of the journey: the money gets a place. This is the key moment of the journey.

  4. 4

    The register balance goes up and its history shows the payment

    System

    Accounting sees it on the register's account too.

Who's involved

Accounting

Owns money movement, registers, and reconciliation.

System

Automates emails, matching, reminders, and sync.

What each person sees

Accounting

The default register for the currency already selected.

Why: Confirm or change it in one click.

The rule to remember

No payment is official until it has a place.