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.
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.
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.
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.
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.
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.
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.
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
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 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 in Commodity Accounting Parameters > Commodities > Loads, you can set a […]
