How to Create the NSW Sale Settlement Statement

The NSW Sale Settlement Statement is a document that can be produced in Smokeball from the Precedent Library.

It provides a a list of the Distribution of Sale Proceeds.


Example: 

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

  1. Are the Purchase Price and Deposit Total entered?
  2. Is the Initial Deposit entered and marked as Paid?
  3. Is the Deposit Status marked as Paid?
  4. Who is the Deposit Holder?
  5. Are the Settlement Details entered? 

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

  1. Is the Agent's Commission entered?
  2. Are the Agent's Fees entered?

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

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

  3. Enter Cheques - refer to  NSW Settlement Financials for help with this

To generate the Settlement Statement for a Sale Matter:

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

Tips

 

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