SettsPlus

3.1 - Statements and Cheque Splits

When the Rates and Taxes information has been entered (or most of the information), for the Seller/Buyer go to Statements and select Seller or Buyer Statement, then tick the options you require, e.g. Print Summary as Tax invoice, Use Settlement Date for Tax Invoice, Print Accompanying Letter. There is the option with Setts+ to send the STATP1 and STATV1 letter when the file is conditional with an estimate of funds being held for both Rates and Disbursements, through to unconditional Statements when all the rating information and disbursements are to hand. You can use the STATP1 and accompanying letter to request a balance of funds from the Buyer.

The Statement to the Buyers Settlement Agent, can be a statement alone or with an accompanying letter (most are now sent via email after being saved as a PDF). If the Cheque information is available the statement and letter can include the Cheque directions for settlement.

Please Note: There are four Held in Trust Statements, they are found in the Letters section, search under either Held or Statement. Video 4.4 has the full details for the Held In Trust Statements.

Select the Buyers Lenders Icon for Cheque Split to Buyers Lender, press F1 search for the Bank, select and press OK. Then a facsimile will appear, the total balance available will show on the top line (the funds available are entered in the Contract Details, Finance section). Enter the amount of each cheque and the payee in each line, then press OK. The fax will appear, it can then be printed or PDFd to email. Don’t forget to TAB after the last item or the details may not appear on your fax. If the Fax number for a Bank is not correct, go to Home, Third Parties, search and select the Bank, then amend the Fax details.

Select the Buyers Sett Agent Icon to create the Cheque Split to Buyers Settlement Agent. The funds balance required shows on the top line. Enter in the amounts of the cheques and the payee details, then press TAB. Then press OK. The fax will appear, it can then be printed or PDFd to email. Again, don’t forget to TAB after the last item to make sure the details appear on your fax.

Projects

Contact Us