Last updated: 5 September 2019 Jurisdiction: ALL Additional Resources: Help Card
Practitioner firms, processing Transfer transactions, can leverage Statement of Adjustments functionality within your Financial Settlement Schedule. It offers additional functionality to allow for Incoming Proprietors and Proprietors on Title to enter adjustment line items, calculate adjustments, and then complete the Payment directions.
By default, the Statements and Adjustments functionality is enabled via the Adjustments and Paymentstab, which replaces the Destinations tab. However, Subscribers Managers can switch this functionality off at any time.
To launch an interactive click through demo on How to use the Payments & Adjustments Functionality in the Financial Settlement Schedule (FSS) click here.
(Note: Audio to be added)
Adjustments and Payments tab
Enable/Disable PEXA Statement of Adjustments
Subscribers Managers are able to switch the new capability on themselves.
Scroll down the page to the Financial Settlement Schedule – Adjustments Preferences section.
Select a preferred display and then click Save.
Result: All users for your organisation can now navigate to the Settlement Schedule screen and will see the new tab for Adjustments and Payments tab (replacing the Destinations tab).
Note: Destination line items can still be added at the bottom of the screen. This is the same functionality as you see on the standard Destinations tab, but are now clearly identified based on your role in the Workspace.
Printing the Statement of Adjustments
You can print a Statement of Adjustment from within PEXA.
After you have entered and saved an adjustment on the Adjustments and Payments tab, click Download Statement to generate a PDF version for printing.