It is quite common for a party in a property settlement to secure funding from a third party lender to “pay out” the other party.
In this scenario, you need to add in an external cash payment which is coming from outside of the property pool, into an offer of settlement in a Balance Sheet.
See the steps below:
- Navigate to ‘’Add” in the top right hand corner of your screen and scroll down to ‘’Cash Payment’’.
- A pop-up screen will appear where you can capture additional information relating to the cash payment such as: a description of the funds; who is receiving the funds; and the amount being paid.
- Click Add.
The cash payment will be added as an Asset, and also deducted as a Liability in the property pool, giving you an equalising position as shown in the below screenshot.