Create a NSW Purchase Settlement Statement

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

2019-01-15_13h21_20.png

To create a Settlement Statement for a Purchase Matter, ensure that all data entered into Conveyancing Details is correct, including:

  1. Is the Deposit Status marked as Paid?
  2. Is the Electronic Transaction checkbox ticked?
  3. Is the Settlement date, time and place entered correctly?

    2019-01-15_11h21_02.png
  4. Has Stamp Duty been paid?
  5. Is the Registration Fee correct?
    2019-01-15_11h25_15.png

To create a Settlement Statement for a Purchase Matter, ensure that all data entered into Settlement Financials is correct, including:

  1. Adjustment Date, if different to Settlement Date
  2. Enter Adjustments - refer to NSW Settlement Financials for help with this
    2019-01-15_13h13_10.png
  3. Enter all additional Amounts Required to Settle in the Cheques tab - refer to NSW Settlement Financials for help with this
  4. 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
    2019-01-15_13h16_46.png

To generate the Settlement Statement for a Purchase Matter:

  1. Access the Precedent Library
  2. Navigate to the Purchase > Pre Settlement folder
  3. Double-click on the Settlement Statement to generate it

Tips

Was this article helpful?
1 out of 2 found this helpful

Articles in this section

See more