To start building your Adjustment/Settlement click on the + button within the Adjustments section of your opened calculator.
Next select the type from the drop down list
All pre-installed options are similar in completing the windows as per the below:
Example - Adjusting Council Rates
A = Add the $Amount billed as per the recent search results
B = Select how the above amount is billed (ie Financial Year, Quarterly, daily etc)
C = Select how the calculation of the Rate is to be adjusted for this transaction (Financial Year, Quarterly, daily etc)
D - The From and To dates will then pre-fill based on your Settlement date captured at matter level and the Adjustment period option selected above
E = Select whether it is to be treated as Paid (Debit/Payable by Purchaser) or Unpaid (Credit/Payable by Vendor)
F = If GST applies for this transaction select the box and GST will also then be calculated and included in the Statement.
Based on the above example, final calculation for Statement would then produce as:
Lastly, you also have the option to apportion the adjustment either by entitlement or shared percentage. By default this will be set to Do not Apportion
Once you are happy click ok and the calculator will perform the necessary calculations in the backend based on your input data.
Repeat the above steps to build out the adjustments Section of your Settlement/Adjustment Statement.
Deleting/Amending an Adjustment Line
If you need to make a change to a previously added item, simply click on the arrow next to the entry and either make the required amounts or you can delete the entry entirely by clicking delete button on the input window.
