Statement of Adjustments - Vendor/Purchaser (BC)

Statement of Adjustments - Vendor/Purchaser (BC)

To view the Vendor Adjustments and Purchaser Adjustments tab, navigate to the Financial Screen in a purchase file. Enter a Closing Date, if you have not done so already in your file.

Adding an Adjustment
Financial adjustments can be added in one of three ways, described below:
  • System Generated Adjustments: System Generated Adjustments are added based on information that you have inputted in your file. Financial entries from other screens (notably the Basic screen) will show up here. For example, the consideration and deposits adjustments are calculated based on the Purchase Price and Deposits located on the Contract tab on the Basic screen. You can change the value of each of these adjustments (e.g. Purchase Price) by pressing the Go button next to the Adjustment item which will lead you to the screen where the relevant field is located.

  • User Generated Adjustments: You can include additional User Entered adjustments. To add an User Entered adjustment, click the Add Adjustment button. A popup window will appear with a list of potential adjustments. If you don't see the adjustment on the list, consider the Other - Fixed and Other - Prorated options that allow you to manually add a custom adjustment. Click the appropriate adjustment. After selecting the adjustment, the Issues WorkBench will open with any known information completed and calculated. You can modify a user-entered adjustment at any time by clicking the Edit button next to the Adjustment item.

  • From Issues: You can also create adjustments from the Manager screen in RealtiWeb BC. Navigate to the screen, and create an issue. The Issues WorkBench will open. Select the Adjust/Pay checkbox from the Action Item List and input any relevant information about the adjustment. Press close and return to the relevant Adjustment screen to see the newly created adjustment item.

Ordering Adjustment Items

After adding multiple vendor adjustments, right click on an adjustment to move the item up or down on the list by selecting Move Adjustments Up or Move Adjustments Down. You can also remove it by right-clicking on the adjustment and selecting Remove Adjustments.

On the Purchasers Adjustment tab, you can change the order of the Adjustments by right-clicking, and selecting Move StandardEstimatedClosingItem UpMove StandardEstimatedClosingItem Up. You can also remove it by right-clicking on the adjustment and selecting Remove StandardEstimatedClosing Item.

Creating Statement of Adjustment Documents

Once all of your adjustments have been added, you can create the Purchaser and Vendor Statement of Adjustments, by click on the Create Document - Purchaser Adjustments and Create Document - Vendor Adjustments links at the top of each of their respective screens. Alternatively, you can generate these documents on the Docs screen, where they can be found under the Closing Letters and Documents category.


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