NSW - Settlement Statement - Purchase

Getting the most out of automated documents
   

Settlement Statement - Purchase - NSW

Where it is

State: NSW

Path: Conveyancing/Purchase/Pre 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

Settlement Financials: Adjustment Date

Calculation: Matter Info: Person Responsible initials: Person Assisting initials: Matter number

Settlement Financials: Amount Required to Settle, list of all entries

Calculation: Total of all amounts in (5)
This wording will change based on your selection upon opening the document. The example shown is when you select Bank Authority. If you select ELNO Holding Account or Trust Account your client will be asked to deposit the total (8) into the relevant account.
Calculation: Total of all client payments

Settlement Financials: Payments: Payment Direction, all payments marked as Paid From Client

Settlement Financials: Payments: Payment Direction, all payments marked as Paid From Bank

Calculation: Total of all Bank payments

Settlement Financials: Payments: Payment Direction, all payments marked as Paid From Trust

Calculation: Total of all Trust payments

Settlement Financials: Payments: Payment Direction, all payments marked as Paid From ELNO
Calculation: Total of all ELNO payments
Settlement Financials: Payments: Payment Direction, all payments marked as Paid From Sale Proceeds
Calculation: Total of all Sale Proceeds payments
Calculation: Total of all payments

Handy Hints

The Sale Proceeds available funds can be added in the Settlement Financials: Payments: Available Funds section by going to Conveyancing Details: Simultaneous Sale and Purchase and ticking the checkbox

Electronic Settlement Fee will populate based on whether Conveyancing Details > Electronic Transaction is ticked

Stamp Duty appearing in Amount Required to Settle in Settlement Financials is populated from Conveyancing Details:
Stamp Duty & Registration Tab: Duty Payable 

Registration Fees appearing in Amount Required to Settle is populated from Conveyancing Details: Stamp Duty & Registration Tab: Registration fee 
You can add additional amounts to the Amount Required to Settle table by clicking the Add Amount button
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