SA - Settlement Statement - Purchase

Getting the most out of automated documents

Settlement Statement - Purchase - SA

Where it is

State: SA

Path: Conveyancing/Purchase

What it looks like

Where the data comes from

Property Details: Property Address

Conveyancing Details: Settlement Date

Calculation: The adjustment date will automatically populate as the day before the settlement date, unless you overwrite it in Settlement Financials

Conveyancing Details:  Purchase Price

Conveyancing Details: GST Amount

Conveyancing Details:  Deposit Paid amount

Settlement Financials: Add Statement Item > Price & Adjustments

Settlement Financials: Add Statement Item > Our Fees & Expenses

Settlement Financials: Stamp Duty on Transfer automatically populates from Conveyancing Details > Stamp Duty, Tax & Registration

Conveyancing Details > Stamp Duty, Tax & Registration > Duty Payable, unless overwritten (see Handy Hints)

Settlement Financials: Automatically populates. Can be removed if not required

Settlement Financials: Automatically populates. Can be removed if not required

Settlement Financials: Add Statement Item > Other Debits & Credits > Add as Credit

Calculation: Settlement Financials Total debits less Total credits
Calculation: GST payable on Fees & Expenses for tax invoice component of Settlement Statement
Calculation: Total of all debits and Total of all credits

Handy Hints

 The deposit status must be selected as ‘Paid’ in Conveyancing Details for the amount to populate

To remove an item from Settlement Financials hover over the entry with your mouse and click the Remove button
 
To add an item to Settlement Financials click Add Statement Item or use the arrow to the right, and select from the dropdown menu
In this example, the Discharge of Mortgage Registration Fee payment has been removed and the Transfer Registration Fee has been manually overwritten to include the Discharge of Mortgage Registration Fee so that only one payment is made for the purposes of registration
Was this article helpful?
0 out of 0 found this helpful

Articles in this section

See more