# Accruing Settlements

As sellers process payments on Finix, they have open Settlements that accrue transactions. This ensures that each payout is the result of an explicit set of transactions.

As long as a Merchant is processing transactions, they'll have an accruing Settlement. This accruing Settlement has running totals that can almost be seen as the current balance for the seller. These totals constantly change while the seller is processing transactions and can continue to change in value until the settlement closes.

You can find these accruing Settlements in the dashboard or programmatically through the API and Webhooks.

## Accruing Settlements in the Dashboard

In the dashboard, you can see the currently accruing Settlements under **Merchants > Merchant Payouts**. Filter the **State** to **Accruing**.

![Accruing Settlements List Page](/assets/merchant-payouts-accruing.8e251dff483d6709c5ddda160fb76227d43ca04d7456794597e15be1c99093cb.08ff7529.png)

From this page, select an individual accruing Settlement to see its current totals.

![Accruing Settlements Detail Page](/assets/settlement-accruing.247e7c7a6fca8ab682df534297dae68c6d38eab894c95f3b75e08694ff07fd61.08ff7529.png)

## Accruing Settlements in the API

You can use the API to interact with accruing Settlements. When a settlement starts accruing we'll send a webhook event with an entity of settlement and a event type of `accruing_started`.

The `PENDING` status means the Settlement is actively accruing transactions. Use the `id` to query the Settlement at any moment for its current totals.


```json Accruing Started Webhook
{
    "type": "accruing_started",
    "entity": "settlement",
    "occurred_at": "2018-03-06T20:41:34.277",
    "_embedded": {
        "settlements": [
            {
                "id": "STc4qcqYJn4tKaD6bkHzkzMG",
                "application": "APcL6gyMzeFqDf6RHJid3SEq",
                "tags": {},
                "identity": "ID57iuPnKwuopPn93YsGmvkP",
                "currency": "USD",
                "merchant_id": "MUgRjRrRwDyMbzS6CVQYPECC",
                "created_at": "2022-08-18T19:00:00.93Z",
                "updated_at": "2022-08-18T19:00:00.93Z",
                "processor": "DUMMY_V1",
                "type": "MERCHANT_REVENUE",
                "funds_flow": null,
                "payment_type": null,
                "total_amount": 662154,
                "total_fees": 19232,
                "total_fee": 19232,
                "net_amount": 642922,
                "destination": null,
                "status": "PENDING"
            }
        ]
    }
}
```

## Closing an Accruing Settlement

Once the settlement closes, you'll see its status update in the dashboard. You'll also receive another webhook event with `entity: settlement` and `type: created` for that original accruing Settlement. You can confirm the Settlement is closed by matching the settlement `id` with the `id` in the `accruing_started` webhook event.

Once closed, the Settlement goes through the normal settlement approval and payout process.