Tracking Returns in Levridge: The Credit and Rebill Process

By Levridge staff | Updated: Sep 25, 2023 | Accounting , Product Updates

When it comes to handling customer returns or issuing sales credits, understanding the underlying reason is crucial. Whether the return is prompted by product defects, unused items, or billing errors, it’s important to track the specific cause behind the sales credit or return. Levridge AgSales offers a comprehensive set of features that streamline the entire sales credit/return and rebill process. With Levridge version 2023 R3, you can now track the reason for the sales invoice credit/return.

How to Set Up Regulated Products in Levridge

By Levridge staff | Published: Jun 13, 2023 | Accounting

Restricted use pesticide products licensed for use by Ag retailers are generally restricted at the state level, mandating that companies handling these products have valid certifications. Microsoft Dynamics 365 Finance and Operations with Levridge offers functionality to create restrictions at both the item and state level. This functionality can either warn or prevent the posting of sales orders for restricted products.

A Quick Guide to Contract Overruns in Levridge

By Levridge staff | Published: Jun 2, 2023 | Accounting , Ag sales

Many contracts (both sales and purchases) have a provision where the customer can deliver more than the contract quantity up to a point without penalty. The word overrun, in this context, will be the concept that allows a contract to be over-delivered. To allow for any contract overruns, go to Commodity accounting > Setup > Commodity accounting parameters > under Commodity set the “Allow overrun on sales contracts” and “Allow overrun on purchase contracts” toggles to yes if you want to allow on both contract types.

Levridge Lingo #2 – What is Equity and Patronage?

By Levridge staff | Updated: Aug 23, 2023 | Accounting , Grain , 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.

Levridge Lingo #1 – What is a Co-op?

By Levridge staff | Updated: Aug 2, 2023 | Accounting , Grain

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.

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

By Levridge staff | Updated: Oct 12, 2023 | Accounting , Grain

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.

How the Long/Short Audit Report in Levridge Helps Commodity Processors Determine Why the Long/Short Risk Position Changed

By Levridge staff | Updated: Aug 23, 2023 | Accounting

The Long/Short Audit Report is built into Levridge with Microsoft Dynamics 365 Finance and Operations to help commodity processors answer the questions: Why did the Long/Short risk position change? What did the change consist of? The Long/Short Audit Report details position changes from a user-provided start and end date.