How to Set Up Regulated Products in Levridge

By Levridge staff | Published: Jun 13, 2023 | Accounting

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.

Maximizing Gains, Sharing Prosperity: How Cooperatives Utilize Profits

By Levridge staff | Updated: Nov 14, 2023 | Equity , Patronage

In the world of cooperatives, success is measured not only by financial gains but also by the equitable distribution of those gains among its members. Unlike conventional businesses where profit maximization is often the primary objective, cooperatives follow a unique set of principles that prioritize the well-being of their members and the community. In this […]

A Quick Guide to Contract Overruns in Levridge

By Levridge staff | Published: Jun 2, 2023 | Accounting , Ag sales

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.

Exploring the Cooperative Model: A Look into Different Types of Cooperative Businesses

By Levridge staff | Updated: Nov 14, 2023 | Equity

At their core, cooperatives prioritize collaboration and mutual benefit. Unlike traditional corporations that prioritize shareholder profits, cooperatives focus on serving their members and the community. In this blog, we will dive into the world of cooperatives and explore the various types of businesses that embrace this distinctive model. Agricultural Retailers Agricultural retailers, commonly known as […]

Levridge Lingo #2 – What is Equity and Patronage?

By Levridge staff | Updated: Aug 23, 2023 | Accounting , Grain , 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?

By Levridge staff | Updated: Aug 2, 2023 | Accounting , Grain

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.

How to Resolve Error Message “Grower xxx is Currently Being Settled by User yyy” When Creating a Settlement Request in Levridge

By Levridge staff | Updated: Oct 12, 2023 | Accounting , Grain

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.