What is a Settlement?
A 'settlement' is iOWEYOU's way of noting when you pay someone back, or settle up.
When you log a settlement, iOWEYOU offsets the amount you've paid back against how much you already owe, updating the totals on the 'View Amount Owed' page.
Logging a Settlement
When you log a settlement, you'll be asked who you are paying back. This will be another member of your group. You then enter how much you've paid them. This is the amount that will get offset.