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.
In release 2023 R2, Levridge has added the option to manually apply prepayments to your sales orders. By default, prepayments are automatically applied to sales order lines based on the customer and the item or item group used in the sales order line. However, with the 2023 R2 release, you can choose to consistently apply prepayments manually if you prefer.
Tax season can be a complex and daunting time for many individuals and businesses alike. For cooperatives, there is a specific tax form that must be filed to comply with IRS regulations – the 1099-PATR form. In this blog, we will cover cooperative tax reporting and explore the key aspects of the 1099-PATR form, shedding […]
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.
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.
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.
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.
If you cannot find your outbound ticket in the outbound ticket application in Levridge (Navigation: Commodity accounting > Outbound > Delivery > Outbound ticket application), here are the steps you should follow to troubleshoot.
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.
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.
