Settlement Reports

Settlement Reports

Settlement Summary


The Settlement Summary is your go-to dashboard for tracking the flow of your business’s funds. It gives you an instant, clear snapshot of all settlement activities—helping you see how much money has been settled into your account, what’s still pending, and what’s queued for processing.

This tool is designed to empower you as a business owner by providing real-time updates on your transactions, ensuring you’re always in control of your financial operations.



Key Sections of the Settlement Summary

  1. Overview Metrics:

    • Settlement: Total amount processed for settlement.
    • Settled: Amount already transferred to the account.
    • Pending: Amount awaiting processing.
    • Queued: Amount ready to be processed but not yet settled.
    • On Hold: Amount temporarily held due to issues or manual reviews.

  2. Batch Summary:

    • Shows settlement activities grouped into batches.
    • Includes the Batch ID, total amount processed, and percentage breakdown for settled, pending, and queued amounts.

  3. Account Type Summary:

    • Provides a breakdown by account types (e.g., Merchant Accounts).
    • Shows amounts processed, settled, pending, and queued for each account

  4. Account Split Summary:     

  1.         Provides a breakdown of how funds are split accross multiple accounts
  2.         Shows amounts processed, settled, pending, and queued for each account

Customizing Your Settlement Summary

The Settlement Summary allows you to toggle views, filter data, switch currencies, and adjust date ranges to suit your business needs. Here’s how each feature works:

1. Toggling Between Settlement Value and Settlement Count

At the top of the Settlement Summary, you can switch between:

  • Settlement Value: Displays the monetary value of settlements in NGN or USD (based on currency selection). This view is helpful for tracking total amounts processed.
  • Settlement Count: Shows the number of transactions in your settlement batches. This view is ideal for tracking transaction volume.

Use this toggle to switch perspectives depending on whether you’re focusing on revenue or transaction activity.


2. Filters

The Filter button on the top-right helps you refine your view of the summary:


  • Date Range: Set a specific period (e.g., today, last week, past 90 days) or define a custom range.
  • Service: Narrow results to focus on specific services like Tuition or Overhead.
  • Reference: Search for specific settlements by reference details.
  • Accounts: Filter by specific receiving accounts to focus on settlements for particular accounts.

3. Switching Currency

Click the currency selector (e.g., NGN or USD) to switch between different currencies. This feature is especially useful for businesses handling cross-border transactions or settlements in multiple currencies.




4. Date Range Selection

The date selector allows you to quickly view data for predefined periods.

This flexibility ensures you can analyze your settlements based on your preferred timeline.




Settlement Report

The Settlement Report provides a detailed breakdown of individual transactions within each settlement batch. It allows you view specific transaction details, track funds, and understand how payments are allocated to different services.




Key Sections of the Settlement Report

1. Batch Details

  • Batch ID: A unique identifier for the settlement batch.
  • Settlement Amount: The total amount transferred within the batch.
  • Account: The receiving account's name and number.
  • Settlement Date: When the funds were settled into your account.

2. Transaction Details

Every transaction in the batch is listed with essential information. You can wiew this when you select "View Split"



  • Transaction Date: When the payment happened.
  • Transaction Reference: Unique code to track the transaction.
  • Customer Reference Number (CRN): A number tied to your customer’s payment.
  • Split Reference: Shows how the transaction’s funds were divided.
  • Customer: Name of the customer who made the payment.
  • Service: The specific service the payment relates to (e.g., Tuition, Accommodation).
  • Narration: Notes or explanations related to the transaction.

Customizing Your Settlement Report

The Settlement Report includes three key features at the top-right corner to help you customize, filter, and download your reports. These tools are designed to make it easier for you to focus on the information that matters most and streamline your workflow.


1. Filters

The Filter button allows you to narrow down your settlement data to what’s most relevant for your business.

  • Settlement Date Range: Choose the time frame for the data you want to view.
  • Service: Filter by specific services (e.g., Tuition, Accommodation).
  • Reference: Enter a specific transaction reference to find a particular transaction.
  • Accounts: Focus on settlements tied to a specific account.

By applying filters, you can save time and focus only on the transactions or settlements you need to analyze.


2. Show/Hide Columns

The Show/Hide Columns feature gives you control over what information is displayed in the report.


  • elect or deselect the following columns:
    • Settled Date
    • Batch ID
    • Bank
    • Account Number
    • Account Name
    • Amount
    • Action

This feature is especially useful for decluttering your view or highlighting only the details you need for reporting or analysis.

3. Download

The Download button allows you to export the settlement report for offline review or sharing.

  • The downloaded file is a csv document containing all selected columns and any applied filters, ensuring the data matches what you see on the screen.
  • This feature is perfect for creating detailed records, sharing with team members, or preparing for audits.

How to Access the Settlement Summary/ Report

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  1. Login to your Credo account
  2. Go to the Settlement tab in the left-hand menu.
  3. Toggle the Settlement Summary/ Report tab at the top of the page.



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