If you want to offset the balances of all participants, go to the Balance tab and tap Offset all balances. You will first see a preview of the settlement. If you then tap and confirm Offset the following happens;
- All all transactions are archived and all balances are set to 0.
- The settlement and the settled expenses are added to the Settlements tab. A PDF is created with the settlement including all transactions.
- A settlement email is sent to all participants requesting payment if a participant owes another participant money.
NOTE: A settlement cannot be reversed. So make sure everyone has entered all expenses correctly before settling the list.
Once all balances have been settled you can continue to use the list. You can enter new expenses and settle the list again.