on 27-04-2018 12:53 PM
Your calculations for adjustments in the financial settlement schedule are completely off for quarterly adjustments. These should have the option to be calculated on a quarterly/days in quarter basis, which is how they are adjusted as between purchaser and vendor.
It appears some conveyancers aren't using the PEXA adjustments to complete settlement in part because of this problem. I recommend you attend to it urgently.
The adjustments should also be a compulsory entry in PEXA so that the vendor's representative can balance destination items with the adjustments that have been entered by the purchaser's representative.
In my opinion, it is a poor effort that your systems are still in beta while we are supposed to be using them for live matters.
on 27-04-2018 05:29 PM
Thanks for taking time to provide us with feedback. We're in the process of resolving issues with the adjustments functionality. Specifically, defects where amounts and destination line items aren't flowing through to the downloadable statement. These will be resolved in release 8, which is going live on the 21st May.
We're also working on adding adjustments periods - yearly, financial year, quarterly by days etc. This will most likely be available in PEXA in July.
Product Owner, Practitioners Services
on 17-05-2018 10:27 AM
Will the water usage adjustment be amended as well on 21 May? Needs to show last meter reading, daily average, period and option for vendor or purchaser payments.
on 17-05-2018 01:29 PM
No, unfortunately the water usage adjustment won't be amended on 21 May. But it is on our list for a future release.