Settlement

Settlement in Syndik8’s payments domain is a record of how a charge was paid. Every charge on the ledger eventually links to a settlement: a card capture, a Direct Debit collection, an admin-recorded external payment, a goodwill waiver, or an offset against a member fund. The settlement carries the mechanism (one of those five), the status (pending, captured, settled, reversed, …), and a provider reference for reconciliation when one applies.

A settlement is the payment-side record, not the booking-side commit. The booking-side commit is finalisation — the step that turns a flight or maintenance booking into ledger entries in the first place. Finalisation creates the debit; settlement clears it.

The two flows are deliberately independent. A booking is finalised once, on the syndicate’s monthly rhythm; the resulting charges may settle days or weeks later as the member pays — by Direct Debit run, by manual bank transfer the admin records as external, or by a fund offset when there is a credit on file. A reversal on a settlement (a chargeback, a refund) re-opens the underlying transactions for re-collection without undoing the booking finalisation.

See also

• Finalisation — the booking-side commit; happens before any settlement
• Transaction types — every kind of ledger entry a settlement can clear
• Reversals — how a settlement can be undone without un-finalising the booking