> For the complete documentation index, see [llms.txt](https://help.travelledger.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.travelledger.org/managing-your-partners/commercial-link-creation/payments-overview/settlement-schedules.md).

# Settlement Schedules

As the final element before creating a Commercial Link, you will need to configure a Settlement Schedule. A Settlement Schedule contains multiple rules that control the timing of the various “Settlement Cycles”. 

Settlement Schedules are configured under **Payments -> Settlement Schedules**:

![](https://3714949765-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MacUE666EkqnejMK9CH%2Fuploads%2FMN61uIo1OuUtK3kbN6bW%2Fimage.png?alt=media\&token=e703f5ba-d5f0-4647-ac3c-9a72c4b58ce8)

By clicking on the Create button, users are able to specify when a cycle starts. By setting a “Settlement day/time” the user is determining when totals are calculated in order to drive the various payment instructions. 

![](https://3714949765-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MacUE666EkqnejMK9CH%2Fuploads%2FtqsmJ1c8D22P5Mcp8jpS%2Fimage.png?alt=media\&token=19ccfaf6-fc41-4d8c-9acd-21d6ea6694bf)

Settlement day/time determines how the buyer review windows are open and closed and which bookings falls within a specific period (or a subsequent one), for example if a booking is in the next or a future cycle. 

{% hint style="info" %}
**Once Payment Profiles, Business Terms, Settlement Schedules are created the user can go ahead to** [**Commercial Link Creation**](/managing-your-partners/commercial-link-creation.md)
{% endhint %}