What are Commodity Meter Tickets?

By Levridge staff | Published: Mar 24, 2023 | Accounting

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.

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

By Levridge staff | Published: Mar 24, 2023 | Accounting

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.

How to Create Cross Branch Trades in Levridge

By Levridge staff | Published: Mar 15, 2023 | Accounting

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.

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

By Levridge staff | Published: Mar 10, 2023 | Accounting

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.

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

By Levridge staff | Published: Feb 20, 2023 | Accounting

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.