NSW - Settlement Adjustment Sheet - Purchase/Sale

Getting the most out of automated documents

Settlement Adjustment Sheet - Purchase/Sale - NSW

Where it is

State: NSW

Path:  Conveyancing/Purchase/Pre Settlement and Conveyancing/Sale/Settlement

What it looks like

Where the data comes from

Calculation: Purchaser's surname(s) obtained from Purchaser contact card(s) and Vendor's surname(s) obtained from Vendor contact card(s)

Property Details: Property Address

Conveyancing Details: Settlement Date

Settlement Financials: Adjustment Date automatically populates from Conveyancing Details: Settlement Date but can be manually overwritten

Conveyancing Details: Purchase Price

Conveyancing Details: Paid Deposit Amount

Calculation: Purchase Price less Paid Deposit Amount

Settlement Financials: All Adjustment Items

Calculation: Total of all Purchaser Adjustments in Settlement Financials plus Balance (7)

Calculation: Total of all Vendor Adjustments in Settlement Financials

Calculation: Total of (9) minus (10)

Settlement Financials: Payments: Payment Direction, all Vendor selected payments. To remove payments, they must be removed in Settlement Financials. Note that any greyed out payments need to be updated on the Adjustment Item.

Calculation: Settlement Financials: Vendor Payments Total Amount

Handy Hints

To remove an item from Settlement Financials hover over the entry with your mouse and click the Delete button
To remove payments, they must be removed in Settlement Financials on the Payments Tab. Note that any greyed out payments need to be updated on the Adjustment Item where they were created. To removed a greyed out payment, change the payment amount to 0 on the Adjustment.

If the deposit does not display, ensure it has been selected as paid in Conveyancing Details

If GST applies to the purchase price select the GST Type in Conveyancing Details and complete the GST Amount 
If GST applies to adjustments, check Plus GST on each adjustment in Settlement Financials
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