In the previous version of our software Professional Series we had a system of updating the transaction when we were satisfied that all the paperwork was signed and that the transactions were finalised. The system then recorded the fact that if a transaction was not updated then it was not finalised.
In SKY we have adopted a different approach in that all the secretarial transactions performed are in fact in real time. And it is then necessary for you to set the status on the transaction to reflect exactly where it is in the process, for example you can have a whole lot of status words like "gone for signature", "signed", "registered", "CIPC", and then the last one would be "finalised", and those transactions that are marked finalised cannot be edited and they in fact become final. Once a transaction is finalised the system reflects a lock icon against the transaction and the transaction cant be edited unless its unlocked.
It is then a simple matter of setting up a filter in the transaction panel to determine what you want to see. For example let us see all those clients who have gone for signature, we would then set the status as signature in the screen listed below.
You now have an idea of how powerful the statuses in the transaction screen are.
