Levridge Blog
Resources
Levridge Lingo #2 – What is Equity and 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?
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.
New Features in Levridge 2023 R1 Release
Levridge is excited to make available the first release of 2023! Check out the full release notes here. The key additions in this release are the following.
How to Troubleshoot If Your Outbound Ticket Is Not Displayed in the Levridge Outbound Ticket Application
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.
How to Resolve Error Message “Grower xxx is Currently Being Settled by User yyy” When Creating a Settlement Request in Levridge
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
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.
What are Commodity Meter Tickets?
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
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
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
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.
New Feature in Levridge 2023 R1 Release: Delivery Statement Report
In release 2023 R1, Levridge is adding a delivery statement report. The delivery statement is a listing of tickets from a grower for the season for a specific commodity. This report can be used when growers come in requesting a listing of their tickets to submit to the FSA agency.
How “Fill at Market Price” Works for Sales and Purchase Contracts in Levridge
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.
How to Fix: “Number Sequence for the Reference Trace Number in Parameters in the General Ledger Area is Not Set to Run Continuously” in Levridge
When setting up Levridge Commodity Accounting, one requirement is to set the General Ledger number sequences for Trace numbers and Transaction reversal to Continuous = Yes
How to Set Up Your Time Zone in Levridge
To get the full functionality of this date effectivity, each user should have the time zone set properly so the data is reflected according to their time zone.
2022 R3 Levridge Release
2022 R3 release for Levridge is officially available! The feature set for this release is focused on responding to client requests. Key New Features in 2022 R3 1. Ability to define shipment delivery times on load requests and load orders Via a parameter...
The Difference Between “Grain Shipped Not Invoiced” and “Shipped Not Invoiced Bulk” in Levridge
Grain shipped not invoiced is used when a company gets an invoice and settlement sheet from the buyer of the grain. The company is trying to match the customer invoice/settlement sheet to the company’s scale tickets. Shipped not invoiced bulk is used when the selling company is originating the invoice/settlement sheet and the customer has to match them.
Your Guide to Posting Accounts for Commodity Accounting in Levridge
There are several posting accounts needed for commodity accounting when processing inbound and outbound tickets and settlements. This blog outlines each place posting accounts are needed and when they will be used.
Overview of Business Events in D365 Finance and Operations for AgXML
Business Events are a way Dynamics 365 Finance and Operations (D365) can communicate with external systems. Levridge created our own business events in D365 to create XML files following the AgXML framework.
How to Create a Purchase Advance in Levridge
Purchase advances can be created in Levridge using the following steps. Under the Commodity accounting module create a purchase contract and apply scale tickets to the contract.
How to Attach Seal Numbers to Scale Tickets in Levridge
Levridge has support for seal numbers on scale tickets and on sales orders for packaged products. On all scale tickets, seal numbers can be added by clicking the Seal numbers button on the scale ticket form.
What You Need to Know About the Inbound In-Transit Feature in Levridge
The inbound in-transit feature allows a buyer of a commodity to know that a commodity is in-transit from the seller. This will help inform the buyer of the quality of the commodity, and its estimated delivery from the seller. This feature can help the buyer better manage their inventory and schedule production based on the quality of the incoming commodity.
AgXml Ticket Troubleshooting if Importing Failed
The logic for validating the ticket lies within Levridge and is usually communicated to the user via an Info log message. When Levridge Exchange attempts to push data to Levridge via an OData data entity and entity validation fails, the OData framework in FinOps generates an exception populated with the Info log messages for that entity.
Overview of the Mark to Market Process in Levridge
The first part of the mark to market process is to create the Market Price Entry. This will be the lines that will determine the market board and basis prices to be used in the mark to market calculations. When creating the new market price entry you can give it a unique schedule ID along with a description.
2022 R2 Levridge Release
The 2022 R2 Release for Levridge is available with several new features integral to making a difference in businesses in the commodity processing market. View the overview below or read the full release notes here Key Additions in 2022 R2 Levridge Release: 1. Inbound...
How to Set Up and Configure Print Management for Commodity Reports
In release 2022 R2, Levridge has added print management support for several commodity accounting reports. The list of reports now utilizing Dynamics 365 print management are purchase and sales contracts, purchase and sales pricing confirmations, scale tickets,...
How to Set Up Default Apply Partners on Purchase Contracts
In release 2022 R2, Levridge has added support for purchase contract apply partners. Purchase contract apply partners are other growers allowed to deliver against purchase contracts so not only can the grower listed on the contract deliver against that contract, so can all of the apply partners listed on the contract.
AgXml Integration Deployment In Levridge
Configuration settings for all applications are stored in a file name “Appsettings.json”. This file is co-located next to the application executable. When setting configuration information, you will likely need to update all Appsettings.json files. The Integration Host configuration file is the only file to contain the integration source, integration target, and OData sections.
Using Purchase Advances in the Settlement Process
Purchase advances allow you to prepay on a purchase contract for commodity deliveries. In Levridge, you can create as many advances as you need or want, and you are not restricted on how much you can advance.
Levridge Lingo #1 – What is a Co-op?
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.
New Features in Levridge 2023 R1 Release
Levridge is excited to make available the first release of 2023! Check out the full release notes here. The key additions in this release are the following.
How to Troubleshoot If Your Outbound Ticket Is Not Displayed in the Levridge Outbound Ticket Application
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.
How to Resolve Error Message “Grower xxx is Currently Being Settled by User yyy” When Creating a Settlement Request in Levridge
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
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.
What are Commodity Meter Tickets?
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
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
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
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.
New Feature in Levridge 2023 R1 Release: Delivery Statement Report
In release 2023 R1, Levridge is adding a delivery statement report. The delivery statement is a listing of tickets from a grower for the season for a specific commodity. This report can be used when growers come in requesting a listing of their tickets to submit to the FSA agency.
How “Fill at Market Price” Works for Sales and Purchase Contracts in Levridge
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.
How to Fix: “Number Sequence for the Reference Trace Number in Parameters in the General Ledger Area is Not Set to Run Continuously” in Levridge
When setting up Levridge Commodity Accounting, one requirement is to set the General Ledger number sequences for Trace numbers and Transaction reversal to Continuous = Yes
How to Set Up Your Time Zone in Levridge
To get the full functionality of this date effectivity, each user should have the time zone set properly so the data is reflected according to their time zone.
2022 R3 Levridge Release
2022 R3 release for Levridge is officially available! The feature set for this release is focused on responding to client requests. Key New Features in 2022 R3 1. Ability to define shipment delivery times on load requests and load orders Via a parameter...
The Difference Between “Grain Shipped Not Invoiced” and “Shipped Not Invoiced Bulk” in Levridge
Grain shipped not invoiced is used when a company gets an invoice and settlement sheet from the buyer of the grain. The company is trying to match the customer invoice/settlement sheet to the company’s scale tickets. Shipped not invoiced bulk is used when the selling company is originating the invoice/settlement sheet and the customer has to match them.
Your Guide to Posting Accounts for Commodity Accounting in Levridge
There are several posting accounts needed for commodity accounting when processing inbound and outbound tickets and settlements. This blog outlines each place posting accounts are needed and when they will be used.
Overview of Business Events in D365 Finance and Operations for AgXML
Business Events are a way Dynamics 365 Finance and Operations (D365) can communicate with external systems. Levridge created our own business events in D365 to create XML files following the AgXML framework.
How to Create a Purchase Advance in Levridge
Purchase advances can be created in Levridge using the following steps. Under the Commodity accounting module create a purchase contract and apply scale tickets to the contract.
How to Attach Seal Numbers to Scale Tickets in Levridge
Levridge has support for seal numbers on scale tickets and on sales orders for packaged products. On all scale tickets, seal numbers can be added by clicking the Seal numbers button on the scale ticket form.
What You Need to Know About the Inbound In-Transit Feature in Levridge
The inbound in-transit feature allows a buyer of a commodity to know that a commodity is in-transit from the seller. This will help inform the buyer of the quality of the commodity, and its estimated delivery from the seller. This feature can help the buyer better manage their inventory and schedule production based on the quality of the incoming commodity.
AgXml Ticket Troubleshooting if Importing Failed
The logic for validating the ticket lies within Levridge and is usually communicated to the user via an Info log message. When Levridge Exchange attempts to push data to Levridge via an OData data entity and entity validation fails, the OData framework in FinOps generates an exception populated with the Info log messages for that entity.
Overview of the Mark to Market Process in Levridge
The first part of the mark to market process is to create the Market Price Entry. This will be the lines that will determine the market board and basis prices to be used in the mark to market calculations. When creating the new market price entry you can give it a unique schedule ID along with a description.
2022 R2 Levridge Release
The 2022 R2 Release for Levridge is available with several new features integral to making a difference in businesses in the commodity processing market. View the overview below or read the full release notes here Key Additions in 2022 R2 Levridge Release: 1. Inbound...
How to Set Up and Configure Print Management for Commodity Reports
In release 2022 R2, Levridge has added print management support for several commodity accounting reports. The list of reports now utilizing Dynamics 365 print management are purchase and sales contracts, purchase and sales pricing confirmations, scale tickets,...
How to Set Up Default Apply Partners on Purchase Contracts
In release 2022 R2, Levridge has added support for purchase contract apply partners. Purchase contract apply partners are other growers allowed to deliver against purchase contracts so not only can the grower listed on the contract deliver against that contract, so can all of the apply partners listed on the contract.
AgXml Integration Deployment In Levridge
Configuration settings for all applications are stored in a file name “Appsettings.json”. This file is co-located next to the application executable. When setting configuration information, you will likely need to update all Appsettings.json files. The Integration Host configuration file is the only file to contain the integration source, integration target, and OData sections.
Using Purchase Advances in the Settlement Process
Purchase advances allow you to prepay on a purchase contract for commodity deliveries. In Levridge, you can create as many advances as you need or want, and you are not restricted on how much you can advance.