Table of Contents
Getting Started
Ensure that all details have been entered into Settlement Financials of your Matter before generating the VIC Purchase Statement of Account. Learn more about completing Settlement Financials.
Generate VIC Purchase Statement of Account
1. Select Precedent from the Matter Action Bar.
2. Select Conveyancing Purchase category and then select the Pre Settlement folder.
3. Double-click Statement of Account to open the precedent in Word.
Where the data comes from
| 1. | Purchase Price | Conveyancing Details |
| 2. | Deposit Paid amount | Conveyancing Details |
| 3. | Plus Adjustments | Calculation = Total of purchaser payable adjustments less vendor payable adjustments |
| 4. | List of amounts required to settle | Settlement Financials |
| 5. | Total | Settlement Financials |
| 6. | When Interim Account selected | Select Interim in response to prompt Select Statement Type for (7)-(11) to populate based on available funds |
| 7. | Bank available funds | Settlement Financials |
| 8. | ELNO available balance | Settlement Financials |
| 9. | Trust available balance | Settlement Financials |
| 10. | Amount required to settle | Calculation = Total amount required to settle less Bank, ELNO, Trust & Sale Proceeds available funds |
| 11. | Balance | Settlement Financials > Total amount required for settlement |
| 12. | When Final Account selected | Select Final in response to prompt Select Statement Type for (13)-(17) to populate based on payment details |
| 13. | Total of all payments 'Paid From' bank | Settlement Financials |
| 14. | Total of all payments 'Paid From' ELNO | Settlement Financials |
| 15. | Total of all payments 'Paid From' trust | Settlement Financials |
| 16. | Total of all payments 'Paid From' sale proceeds | Settlement Financials |
| 17. | Total of all payments | Settlement Financials |
Handy Hints
- If the deposit does not display, ensure it has been selected as paid in Conveyancing Details.
- To select Sale Proceeds as a funding option, tick the checkbox Simultaneous sale & purchase in Conveyancing Details.
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