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Can I create default adjustments for my statement of adjustments and trust ledger?

This feature provides conveyancers with the ability to create default adjustments – a standard adjustment that can be added to the statement of adjustments, trust ledger, net proceeds and cash to bring in a real estate matter with a click of a button

To add or edit a default adjustment, navigate to Real Estate > Settings > Default Adjustments.

Default adjustments are sorted by those that are included in the Statement of Adjustments (SOA) and those included in the Trust Ledger (includes cash to bring and net proceeds)

1. To add a new adjustment scroll to either SOA or Trust Ledger, as applicable, click + Adjustment, complete the information and click Save.

NOTE: when creating a prorated adjustment, there are two options, monthly or annually. When monthly or annually is selected, when the default adjustment is added to a matter, the adjustment will automatically be inserted based on the closing month / year of the matter as applicable.

2. To edit an existing adjustment scroll to either SOA or Trust Ledger, as applicable, and locate the desired adjustment, edit the information in the adjustment and click Save.

3. To delete an existing adjustment scroll to either SOA or Trust Ledger, as applicable, and locate the desired adjustment, click the “x” next to the adjustment and click Save.

4. To have an adjustment automatically added to a newly created matter, select the type of matter the default adjustment will apply to and click “Auto add to matter?” and click Save.

NOTE: When this option is selected, the adjustment will automatically be added to any newly created matter type the adjustment applies to.

5. To sort the adjustments, click and drag the adjustment into the preferred order and click Save.

NOTE: When adjustments are Auto Add adjustments, the adjustments will be added to the newly created matter in the preferred order.

To manually add a default adjustment to a Statement of Adjustments, navigate to the desired matter, then Actions > Statement of Adjustments.

1. Click + Default Adjustment

2. Use the dropdown to select the desired adjustment

3. Click Add.

NOTE – depending on what is included for a default adjustment, the user may need to navigate to the recently added default adjustment and complete the information that is relevant for the transaction.

To add a default adjustment to a trust ledger, cash to bring, net proceeds, navigate to the desired matter, then Actions > Trust Ledger or Actions > Cash to Bring or Actions > Net Proceeds as applicable and follow the steps set out above for Statement of Adjustments.