News & Notes

Mckenna Wain
Levridge Lingo #2 – What is Equity and Patronage?

Levridge Lingo #2 – What is Equity and Patronage?

Equity in the agriculture industry or in a cooperative refers to the value of the assets owned by the organization or its members after all the liabilities or debts are subtracted. Patronage refers to the practice of returning profits or benefits to the members of a cooperative or mutual organization, such as a farmers’ cooperative, in proportion to their use of the organization’s services or products.

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Levridge Lingo #1 – What is a Co-op?

Levridge Lingo #1 – What is a Co-op?

A cooperative, or “co-op,” is a type of organization that is owned and controlled by its members, who are typically farmers, ranchers, or other agricultural producers. In the agriculture industry, co-ops are often formed to provide collective marketing, purchasing, or other services to their members.

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How to Resolve Error Message “Grower xxx is Currently Being Settled by User yyy” When Creating a Settlement Request in Levridge

How to Resolve Error Message “Grower xxx is Currently Being Settled by User yyy” When Creating a Settlement Request in Levridge

When creating a settlement request in Levridge, if you receive the error message “Grower xxx is currently being settled by user yyy”, and that user is not currently creating a settlement for that grower, you will have to go into the settlement wizard and cancel it out so it will clear the record lock. You’ll be unable to create a settlement for that grower until this error message is resolved, but luckily this is simple to fix by following the steps below.

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What are Commodity Meter Tickets?

Commodity meter tickets are documents that record the quantity and quality of a commodity that is transferred from one party to another. They are commonly used in the oil and gas industry, where they serve as evidence of ownership and delivery of crude oil, natural gas, or refined products.

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Quick Tip: How to Resolve “Illegal Specification of Retail Channel Relation. Specify a Valid Retail Channel Relation, and Try Again.” Warning Message in Levridge

Quick Tip: How to Resolve “Illegal Specification of Retail Channel Relation. Specify a Valid Retail Channel Relation, and Try Again.” Warning Message in Levridge

The warning message “Illegal specification of retail channel relation. Specify a valid retail channel relation, and try again.” may appear when setting up automatic hedge charges in Microsoft Dynamics 365 Finance and Operations with Levridge. This is caused by having advanced charge retail features enabled in D365 that you are likely not using.

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How to Create Cross Branch Trades in Levridge

How to Create Cross Branch Trades in Levridge

Microsoft Dynamics 365 for Finance and Operations uses dimensions to track financials to sites/branches. When posting ledger journal entries like those generated by trade gains or losses, there needs to be a site selected so the financial dimension can be set.

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A Quick Guide to Dates on the Delivered Not Settled Form in Levridge

A Quick Guide to Dates on the Delivered Not Settled Form in Levridge

The Delivered not settled form in Levridge lists inbound tickets applied to contracts that are not part of a confirmed settlement as of certain dates. There are 3 dates on the Delivered not settled form in Commodity accounting under Inquiries and reports > Inbound > Delivered not settled. Understanding what those dates are used for will help when using this form.

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How “Fill at Market Price” Works for Sales and Purchase Contracts in Levridge

How “Fill at Market Price” Works for Sales and Purchase Contracts in Levridge

Here’s how the “fill at market” process works for sales and purchase contracts in different scenarios: If the net price is more than the sales contract, it will result in a purchase order. If the net price is more than the purchase contract, it will result in a sales order using the fill item on the released item. If the net price is more than the purchase contract, it will result in a sales order using the fill item on the released item.

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