SA - Reconciliation - Sale

Where it is

State: SA

Path: Conveyancing/Sale

What it looks like

Where the data comes from

1. Vendor contact card(s)
2. Purchaser contact card(s)
3. Property Details: Property Address
4. Conveyancing Details: Settlement Date
5. Settlement Financials: Payments > Available Funds > Trust
6. Calculation: Total of all payments Drawn By Trust less balance held in Trust
7. Settlement FInancials: Payments > A list of all Payments Drawn By Bank or Client
8. Calculation: Settlement FInancials: Payments > Total Payments to be drawn plus Water Consumption > Amount Held Pending Reading
9. Settlement FInancials: Payments > A list of all Payments Drawn By Bank or Client
10. Settlement FInancials: Payments > A list of all Payments Drawn By Trust including Payment Type
11. Calculation: Total funds to be disbursed
12. Settlement Financials: Water Consumption > Amount Held Pending Reading
13. Calculation: Total funds to be disbursed (11) plus Water Consumption > Amount Held Pending Reading (12)

Handy Hints

All payments entered that have 'Trust' selected in the drawn by column, will be listed on the Reconciliation Statement as [Firm Name] Trust Account. This amount will be the total of all payments to be Drawn by Trust, less any funds currently held in Trust (for example if the Vendor's Agent has refunded the balance of the deposit held by them after paying their commission and fees)