What is the Difference between Delivered Not Settled and Grain Payable Inquiry Forms?’

In the world of commodity accounting, accuracy and clarity are everything—especially when it comes to month-end processes. Two inquiry forms often cause confusion: Delivered Not Settled and Grain Payable. They seem similar but each serves a distinct purpose to manage inbound tickets and ensure your GL stays balanced.

Delivered Not Settled Inquiry Form

The ‘Delivered not settled’ inquiry form (Commodity accounting > Inquiries and reports > Inbound > Tickets > Delivered not settled) displays all inbound tickets that were in the system based on the specified ‘As of date’ (found at the top of the form), but had not been invoiced yet.

This form is valuable for month end processing if you need to make GL entries or balance your GL accounts.

Grain Payable Inquiry Form

The ‘Grain payable’ inquiry form (Commodity accounting > Inquiries and reports > Inbound > Tickets > Grain payable) is specifically for commodity items that are marked as perpetual on the released item form.

Perpetual commodities will post a cost to inventory when the ticket is posted. If the ticket does not have a fully priced contract applied to the ticket when posted, the system will use either the item cost or bid sheet information to determine the cost. The setting to which one it uses can be found in Commodity parameters on the Commodities > Commodity accounting tab.

When the ticket is settled, the system will true-up the inventory cost by posting an adjustment to inventory for the difference between the final cost of the item and what was originally posted.

The Grain payable inquiry form will display the posted tickets and cost. Once the ticket is applied to a contract, it calculates the difference between the posted cost and the current contract cost. This is also used at month end to enable your accounting team to balance GL accounts.

The inquiry form was originally labeled ‘Delivered Not Settled’. With the introduction of the new form, it was relabeled ‘Grain Payable’.

Why Both Forms Are Important

Both forms are critical for accurate financial reporting and inventory management. Delivered Not Settled helps you track pending invoices, while Grain Payable ensures perpetual commodities are properly accounted for. Understanding the difference can save time, reduce errors, and keep your GL in perfect balance.

For more information on Commodity Accounting, visit Commodity Accounting Solution.