What this page is for
Every M-Pesa, card and bank payment waits in a clearing account until the provider actually pays your business — the till takes the money straight away, but your bank only sees it once the provider remits. A settlement is that remittance recorded: the whole payout a provider made, matched line by line to the receipts and payments it discharges, so the clearing balance comes back down to what is still genuinely outstanding.
Only people whose role can view payments see this list; recording and posting a settlement needs a role that can manage payments.
The columns:
- Settled: when the provider paid it out.
- Connection: which provider connection it came from.
- Provider's reference: the provider's own identifier for the remittance.
- Gross: the whole amount the provider remitted.
- Fees kept: what the provider deducted.
- Not matched: the part that could not be matched to anything.
- Net received: what actually reached the bank.
- Status: Open while anything is unmatched, or Posted once fully matched and recorded in the accounts.
How to…
How to record a settlement
Press Record a settlement. See Record a settlement.
How to see a settlement's detail
Press the row to see every statement line and whether it matched.
Worked examples
Supermarket
Safaricom pays Tumaini Supermarket's M-Pesa takings into its bank once a day. The accountant records each day's remittance here as it arrives, matching it against the receipts Tulindo already holds, so the clearing account for M-Pesa in the chart of accounts settles back towards zero rather than growing without limit.
Restaurant and bar
The Acacia Grill & Bar's card acquirer pays out every three days. A batch recorded here shows Not matched of KES 450, (Kenyan shillings) because one card slip's reference did not match any payment; the manager opens it to chase down the mismatch before it can be posted.