The NSW Purchase Settlement Statement is a document that can be produced in Smokeball from the Precedent Library.
It provides a a list of all funds required to settle and a list of all cheques/payments that need to be drawn on Settlement.
What it looks like
To create a Settlement Statement for a Purchase Matter, ensure that all data entered into Conveyancing Details is correct, including:
- Is the Deposit Status marked as Paid?
- Is the Electronic Transaction checkbox ticked?
- Is the Settlement date, time and place entered correctly?
- Has Stamp Duty been paid?
- Is the Registration Fee correct?
To create a Settlement Statement for a Purchase Matter, ensure that all data entered into Settlement Financials is correct, including:
- Adjustment Date, if different to Settlement Date
- Enter Adjustments - refer to NSW Settlement Financials for help with this
- Enter all additional Amounts Required to Settle in the Cheques tab - refer to NSW Settlement Financials for help with this
- Enter all Cheques in the Cheques tab - specify who they are drawn by, as this will determine what information populates on the Settlement Statement - refer to NSW Settlement Financials for help with this
To generate the Settlement Statement for a Purchase Matter:
- Access the Precedent Library
- Navigate to the Purchase > Pre Settlement folder
- Double-click on the Settlement Statement to generate it
Tips
- Use the Smokeball Toolbar to make amendments to the document