VIC - Statement of Adjustments - Purchase/Sale

Location of Precedent

State: VIC

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

What it looks like

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Where the data comes from

  1. Calculation: Purchaser's surname(s) obtained from Purchaser contact card(s) and Vendor's surname(s) obtained from Vendor contact card(s)
  2. Property Details: Property Address
  3. Settlement Financials: Adjustment Date automatically populates from Conveyancing Details: Settlement Date but can be manually overwritten
  4. Conveyancing Details: Settlement Date
  5. Settlement Financials: Add Adjustment Item
  6. Calculation: Total of all Purchaser Adjustments in Settlement Financials
  7. Calculation: Total of all Vendor Adjustments in Settlement Financials
  8. Calculation: Total of all Purchaser Adjustments less Vendor Adjustments
  9. Conveyancing Details: Purchase Price
  10. Conveyancing Details: Paid Deposit Amount
  11. Calculation: Purchase Price less Paid Deposit Amount
  12. Total of Adjustments calculated at 8 above
  13. Calculation: Settlement Financials: Amount Due on Settlement
  14. Settlement Financials: Payments: Payment Direction, all Vendor selected payments
  15. Calculation: Settlement Financials: Vendor Payments Total Amount
  16. Date document created
  17. Settings: Firm Details: Firm Name
  18. Calculation: Person Responsible initials: Matter number as entered in Matter Info

Handy Hints

  • To remove an item from Settlement Financials hover over the entry with your mouse and click the Delete button
  • If the deposit does not display, ensure it has been selected as paid in Conveyancing Details
  • If GST applies complete the GST Amount in Conveyancing Details and select the GST Type
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