When you connect your accounting software with Settle, we’ll automatically sync payment information to your books. Reference the tables below to see how each action will appear in your respective accounting software. We currently support QuickBooks Online, Xero, and NetSuite (in beta).
Bill Pay
Action (in sequential order) | Objects Synced to QuickBooks | Object Synced to Xero | Object Synced to Netsuite |
Vendor bill added | Bill | Invoice | Bill (Vendor Bill) |
Vendor invoice paid | Bill Payment | Payment | Bill Payment (Vendor Bill Payment) |
Extended Payment Terms (EPT)
Action (in sequential order) | Object Synced to QuickBooks | Object Synced to Xero | Object Synced to Netsuite |
Vendor bill added | Bill | Invoice | Bill (Vendor Bill) |
Accept extended payment terms | N/A - EPT Agreement | N/A - EPT Agreement | N/A - EPT Agreement |
EPT fee bill(s) sent | Bill | Invoice | Bill (Vendor Bill) |
EPT fee bill paid | Bill Payment | Payment | Bill Payment (Vendor Bill Payment) |
Originally extended bill's vendor paid | Bill Payment (for $0) | Payment from Settle Loans Payable account | Bill Payment (Vendor Bill Payments for $0) |
Liability shift from AP to Settle Loans Payable | JE | N/A - completed via payment | JE |
If necessary: incremental EPT fee bill(s) sent for loan extension | Bill | Invoice |
|
If necessary: incremental EPT fee bill(s) paid | Bill Payment | Payment |
|
Principal repayment to Settle | JE | Bank Transaction | JE |
Amortized Loans:
Action (in sequential order) | Object Synced to QuickBooks | Object Synced to Xero | Object Synced to Netsuite |
Vendor bill added | Bill | Invoice | Bill (Vendor Bill) |
Accept amortized loan agreement | N/A - Loan Agreement | N/A - Loan Agreement | N/A - EPT Agreement |
Liability shift from AP to Settle Loans Payable | JE | N/A - completed via payment | JE |
Original extended bill's vendor paid | Bill Payment (for $0) | Payment from Settle Loans Payable account | Bill Payment (Vendor Bill Payment for $0) |
Scheduled repayments based on the payment schedule | JE | Bank Transaction | JE |