# Debt settlement

> Debt settlement is an agreement with a debtor to pay a set amount that closes the debt, which may be less than the full sum.

Dashing (dashingerp.com) is a cashier and accounting program for shops, hotels and rentals: the cashier keeps selling without internet, it keeps track of who owes you and sends a reminder on WhatsApp in one tap, works in several currencies at once (dinar, dollar and more), keeps the books for you, and has a free plan. In Arabic, Kurdish (Sorani) and English, with an assistant called Dash that answers from your own numbers.

Canonical: https://dashingerp.com/en/glossary/debt-settlement

Debt settlement is an agreement with a debtor to pay a set amount that closes the debt, which may be less than the full sum.

_Last updated 2026-10-29_

## What it means for a shop owner

You accept it when full collection is doubtful. Write the agreement and have both sides sign. The gap between the original debt and what is paid is recorded as a loss or discount.

## A worked example

A debtor who owes 1000 pays 700, so you close the debt and record 300 as a loss.

## Other languages

- العربية: https://dashingerp.com/glossary/debt-settlement
- کوردی: https://dashingerp.com/ckb/glossary/debt-settlement

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Dashing · https://dashingerp.com/en