Enhancing Grain Transfer Efficiency with the New Discount Schedule Feature: Transfer Ticket – Discount Schedule to Post Shrink

The Levridge 2024 Release 3.0 introduced a feature that allows for the calculation of shrinks on grade values during grain transfers. This new functionality is designed to streamline the transfer process, ensuring that net quantities are accurately reflected.

Understanding the New Feature

The core of this enhancement lies in the ability to apply a discount schedule directly to the transfer ticket. This means that when grain is transferred from one location to another, the system can now calculate the shrink based on the discount schedule, rather than relying solely on the gross quantity. This feature is particularly useful for businesses that need to account for moisture content and other factors that can affect the net weight of the grain.

Step-by-Step Process

The process begins by creating a transfer ticket in the commodity accounting system.

Once the ticket is created, the new discount schedule feature comes into play. The origin weights and grades are recorded, and the discount schedule is applied to calculate the shrink. The system calculates the shrink based on the discount schedule, resulting in a net quantity.  

Setting Up Default Discount Schedules: The system allows for the setup of default discount schedules for different commodities and locations. This ensures that the appropriate discount schedule is automatically applied to each transfer ticket, simplifying the process and reducing the risk of errors.

Posting the Transfer Ticket: Once the transfer ticket is created and the shrink is calculated, the ticket is posted to inventory.

The daily position report (DPR) reflects the net quantity, showing the transfer in transit.

Receiving the Transfer Ticket: When the grain arrives at the destination location, a destination transfer ticket is created.

The destination weights and grades are recorded, but the transfer is governed by the origin weights and grades, ensuring consistency and accuracy.

Next, save and post the ticket to inventory.

Now when the DPR is run, the inventory is no longer listed as in-transit.

Benefits of the New Feature

The introduction of the discount schedule feature offers several key benefits:

• Accuracy: By calculating shrinks based on the discount schedule, businesses can ensure that the net quantities are accurately reflected, reducing discrepancies and improving inventory management.
• Efficiency: The ability to set up default discount schedules for different commodities and locations streamlines the transfer process, saving time and reducing the risk of errors.
• Flexibility: Businesses can customize discount schedules for different commodities and locations, allowing for greater flexibility and adaptability to specific needs.

The 2024 Release 3.0 new discount schedule feature is a significant advancement in commodity accounting. By enabling the calculation of shrinks on grade values during grain transfers, this enhancement ensures greater accuracy, efficiency, and flexibility.