# Process a Settlement

### Process a Settlement

When you process transactions, they are saved on the terminal and on the authorization server. Funds collected are only transferred to your merchant bank account after you perform a reconciliation between the terminal and server; this reconciliation process is the settlement.

By default, the terminal automatically closes the batch of transactions and processes the settlement at the end of the business day. You can configure the automatic settlement through the [*Automatic Report Printing*](https://docs.payfacto.com/payfacto-knowledge/canada-doc-center/applications/secure-payment/terminal-configuration/automatic-report-printing#automatic-report-printing) procedures.

You can choose to process a settlement before the end of the business day. When you process a settlement, the system validates that the transactions processed on the terminal match those on the authorization server before  beginning the process of transferring the funds to your merchant bank account.

As you process transactions, the terminal and authorization server track the transaction history (operations) in the open batch. When you process a settlement, you close the open batch and clear the transaction history on the terminal and authorization server.

{% hint style="info" %}
NOTE: When you process a settlement, the terminal is unable to perform any other transaction at that time.
{% endhint %}

#### **To print a summary list of transactions for the current batch:**

1. From the main screen, touch **Settings**.<br>

<figure><img src="https://3906380439-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6flXtoPk5hDLO7lHpA2z%2Fuploads%2FdhLEU2RKoXZNc6VLIw2n%2FMainSaleScreen_SettingsButton.png?alt=media&#x26;token=a6116f3b-758e-4deb-9e60-b1f28a80a44a" alt=""><figcaption></figcaption></figure>

2. Enter the merchant password and touch **Confirm**.
3. In the **Transaction management** section, touch **Settlement**.<br>

<figure><img src="https://3906380439-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6flXtoPk5hDLO7lHpA2z%2Fuploads%2FMMcOhqHPnDHhxtKRY9qD%2FSettingsMenu_Settlement.png?alt=media&#x26;token=9938b3c5-8605-4179-9bab-5bee704bdfec" alt=""><figcaption></figcaption></figure>

4. Touch the **Confirm** button to proceed with the settlement. The terminal prints the *Settlement Report*.


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