Table of Contents
Getting Started
Ensure that all details have been entered into Settlement Financials of your Matter before generating the Purchase Reconciliation Statement.
Generate a SA Purchase Reconciliation Statement
1. Select Precedent from the Matter Action Bar.
2. Select Conveyancing Purchase category and then select the Settlement folder.
3. Double-click Reconciliation - Purchase to open the precedent in Word.
Where the data comes from
| 1. | Purchaser name | Purchaser contact card |
| 2. | Vendor name | Vendor contact card |
| 3. | Property Address | Property Details |
| 4. | Settlement Date | Conveyancing Details |
| 5. | Funds held in Trust | Settlement Financials > Payments tab > Available Funds > Trust |
| 6. | Funds to be provided by client | Calculation = Total funds to be provided by client prior to settlement comprising additional Trust funds and Cheques marked as Drawn By Client |
| 7. | Funds provided by lender | Settlement Financials > Payments tab > Available Funds > Bank |
| 8. | Total Funds in | Settlement Financials > Payments tab > Total Payments to be drawn |
| 9. | To Disburse | Settlement Financials > Payments tab > A list of all Payments Drawn By Bank or Client |
| 10. | From Trust | Settlement Financials > Payments tab > A list of all Payments Drawn By Trust and the Payment Type |
| 11. | Total Funds out | Settlement Financials > Payments tab > Total Payments to be drawn |
Handy Hints
To make sure your payments are balanced please check that Settlement Financials: Payments tab > Vendor Balance to be Advised equals zero and that Balance required to settle (Other amounts) also balances out to zero.
If you have previously added the Incoming Mortgagee amount to your settlement financials page as Other Debits & Credits you will need to remove this for the Balance required to settle to work correctly for creating the reconciliation.
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