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

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?
   
   
4. Has Stamp Duty been paid?
5. 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:

1. Adjustment Date, if different to Settlement Date
2. Enter Adjustments - refer to NSW Settlement Financials for help with this
   
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
   

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

• Use the Smokeball Toolbar to make amendments to the document