A settlement is the seller's check. Once the ring is closed, Tally totals what each consignor's animals sold for and works down to a net payable.
The math, top to bottom:
Gross — everything this consignor's lots brought.
minus commission — the barn's cut.
minus fees — yard, insurance, beef and state checkoffs, brand inspection, vet, manure, and any custom fees.
plus or minus adjustments — one-off corrections.
plus prior balance — money carried over from before (often negative if they owed the barn).
= net payable — the amount on the check or ACH.
A settlement starts as a draft and must be approved before it's paid, so the office can review the numbers before money goes out.
Admin section
Permissions, locking rules, and setup — visible to admins.
Technical section
Data model, API, and internals — visible to developers.