Table of Contents
Getting Started
Ensure that all details have been entered into Settlement Financials of your Matter before generating the Sale Reconciliation Statement.
Generate a SA Sale Reconciliation Statement
1. Select Precedent from the Matter Action Bar.
2. Select Conveyancing Sale category and then select the Settlement folder.
3. Double-click Reconciliation - Sale to open the precedent in Word.
Where the data comes from
| 1. | Vendor name | Vendor contact card |
| 2. | Purchaser name | Purchaser contact card |
| 3. | Property Address | Property Details |
| 4. | Settlement Date | Conveyancing Details |
| 5. | Currently held in Trust | Settlement Financials > Payments tab > Available Funds > Trust |
| 6. | Vendor's Solicitor Trust Account | Calculation = Total of all payments Drawn By Trust less balance held in Trust |
| 7. | Amounts | Settlement Financials > Payments tab > A list of all Payments Drawn By Bank or Client |
| 8. | Total Funds in | Calculation = Settlement Financials > Payments tab > Total Payments to be drawn plus Water Consumption > Amount Held Pending Reading |
| 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 including Payment Type |
| 11. | Total Funds out | Calculation = Total funds to be disbursed |
| 12. | Amount heled pending read | Settlement Financials > Water Consumption > Amount Held Pending Reading |
| 13. | Total Out + Held in Trust | Calculation = Total funds to be disbursed (11) plus Water Consumption > Amount Held Pending Reading (12) |
Handy Hints
All payments entered that have Trust selected in the drawn by column, will be listed on the Reconciliation Statement as [Firm Name] Trust Account. This amount will be the total of all payments to be Drawn by Trust, less any funds currently held in Trust (for example if the Vendor's Agent has refunded the balance of the deposit held by them after paying their commission and fees).
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