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Accounting Sync Glossary
Accounting Sync Glossary
Anna Briggs avatar
Written by Anna Briggs
Updated over a week ago

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

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