Settlement and Payment

How Settlement Works

At the end of each settlement period (weekly, bi-weekly, or monthly):

1. System calculates:

   • All approved expenses each parent paid
   • The net balance based on split percentages

2. One parent owes the other a single amount

3. You can see:

   • Hero settlement card — Who owes whom and how much
   • Breakdown — Your expenses vs. their expenses
   • Detail view — Every expense in the period

Settlement Periods

Set your preference in Settings → Expense Setup:

• Weekly — Settle every 7 days
• Bi-weekly — Every 14 days
• Monthly — Once per month

Making Payment

CoParentCompass calculates what's owed but doesn't process payments. You pay via:

• Venmo, Zelle, or similar services
• Check
• Cash (not recommended—harder to document)

After paying, you can mark the period as settled.