Settled
In accounting, settled means finally and irrevocably transferred.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 1
Not a rule
Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation — not the mechanics a bookkeeper uses to get there. Anyone citing a standard for this word is citing the wrong thing.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Settled, in use
Quoted from the 3 documents that use the word — what it does to an interface, in the spec's own sentence.
Submitted → Sent → In transit → Settled, each with a real timestamp and timezone.
The receivable is recorded at the transaction-date rate, revalued at period end, and settled at the payment-date rate — three rates, two FX gain/loss events.
A run where 40 of 42 payments settled is not "failed"; the UI shows exactly which two and what to do.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- How to account for SAFEs on your balance sheetA SAFE is cash today and shares later. Why it usually sits with liabilities, how the cap and discount set conversion, and what to book at the priced round.
- Balance sheet explained for startupsAssets equal liabilities plus equity. What each startup line means, from deferred revenue to the SAFE and the accumulated deficit, and why it must balance.
- How to pay vendors: ACH vs wire vs check vs cardACH, wire, check or card: what each payment rail costs, how long it takes, where the fraud risk sits, and how each payment is recorded in the books.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- complete
- done
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Also in Cash
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.