Settlement accounts are used for depositing of incoming fees and are assigned to a Business. Multiple Businesses can share a Settlement Account if they bank to the same account to allow reporting on financial data in PracSuite and for use for bank reconciliation purposes.

To create a Settlement Accounts, go to Settings > Businesses > Settlement Accounts

Click Add

Customise the Name, Bank Account and Direct Deposit information for this Settlement Account.

Settlement Accounts can be assigned to a Business in the Banking section via Settings > Businesses > Businesses and selecting the Business.