In release 2023 R2, Levridge has added the option to manually apply prepayments to your sales orders. By default, prepayments are automatically applied to sales order lines based on the customer and the item or item group used in the sales order line. However, with the 2023 R2 release, you can choose to consistently apply prepayments manually if you prefer.
In the realm of cooperatives, certain terms may not be recognized by spell-checkers or mainstream dictionaries, but they hold significant meaning within the cooperative community. One such term is “revolvement” or “revolving equity.” In this blog, we will discuss revolvement, understanding its purpose and significance in the context of cooperatives. As we explore this concept, […]
In release 2023 R2, Levridge is introducing a new feature that will enable you to generate quality orders from scale tickets. Microsoft Dynamics 365 Finance and Operations includes a native quality management module, designed to track the testing of various inventory product samples. With Levridge’s added functionality, the system can now create a corresponding quality order for inbound, outbound, or transfer scale tickets.
Tax season can be a complex and daunting time for many individuals and businesses alike. For cooperatives, there is a specific tax form that must be filed to comply with IRS regulations – the 1099-PATR form. In this blog, we will cover cooperative tax reporting and explore the key aspects of the 1099-PATR form, shedding […]
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.
Levridge made enhancements to alternate items in the 2023 R1 release. In addition to having more visibility into alternate items, you can now use different items with different pricing as alternate items on a sales contract. Let’s walk through an example of applying an alternate item to a sales contract.
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 […]
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.
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 […]
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.
