What is the meaning of settlement type designated settlement type.
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The information provided by Blue Wang gives you an overview of the settlement options. If you have e.g. a payment journal and you mark invoices for settlement, the designated option will be automatically updated. This is for internal coding purposes. Based on the option, the system knows if it needs to settle transactions or not and if it should do it based on the marked settlements or automatically, starting with the oldest open transaction.
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