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Invoice Settlement


Invoice Settlement

The Invoice Settlement feature is in Limited Availability. This feature includes Unapplied Payments, Credit and Debit Memo, and Invoice Item Settlement. If you want to have access to the feature, submit a request at Zuora Global Support

Invoice Settlement provides you the advanced payment management, credit and debit memos, and item level transactions.

  • With the Unapplied Payments feature, you can create unapplied payments, apply unapplied payments on invoices and debit memos, unapply applied payments, and transfer payments.
  • With the Credit and Debit Memos feature, you can issue memos to correct invoices and manage the balance due on a particular invoice or account.
  • With the Invoice Item Settlement feature, you can apply payments at the line-item level.

Be careful about the timing when you enable the Invoice Settlement feature. If you already enabled the Finance feature, a best practice is to enable Invoice Settlement right after an accounting period is closed and before a journal run has occurred in the open accounting period.