Advances, final settlement, deferred settlements, simulated settlement, advance and settlement voids are available for tickets applied to purchase and sales contracts as well as 'spot' inbound and direct-ship tickets. Tickets can be 'reversed' from a final settlement instead of voiding the settlement in which case a debit/credit memo is created.
Settlements process all computations including: grade factor discount/premiums, with optional averaging, grade discounts, cross-applied product discounts/premiums, contract price adjustments, carry, contract multi-origin/destination freight differentials, ticket freight charges, drying, storage charges, discount schedule deduction/additions, DP charges, delayed payment premiums, up to three checkoff/levies, and three levels of tax (GST/VAT), including tax on checkoff levies. Manual adjustments are shown as well as Debit/Credit memos applied to this settlement.
Benefits
"Advance and Final Settlements" is part of the GrainSMART line of products, developed by dbc SMARTsoftware inc. .
"Advance and Final Settlements" is part of the GrainSMART line of products, developed by dbc SMARTsoftware inc. .