/
Over Advanced on a Contract

AGRIS Customer Documentation

Over Advanced on a Contract

Repayment on an over advanced contract

 

Due to market prices, changing contracts may be over advanced and will require the customer to pay money back towards the advance.

Here are the recommended steps to create an invoice for an over advanced contract:

 

Example

Advance settlement was done on a 5000 bu Basis contract for 80% with the contract price of 6.00

image-20240301-132648.png

Customer is over advanced on a contract and writes a check to repay the advance.

  1. Go to GRN > Settlements > Settlements > Produce a Settlement > 2) Advance Settlement

  2. Blank out the Current Cash Price

  3. Blank out the Delivery location and enter the contract number if available

  4. Select the delivery sheet

  5. Leave the price field and Advance field blank and enter a NEG amount in the Advance Amount.

  6. Change the other Deductions to a 4 = No Additional Deductions

  7. Update/Print Settlement

  8. Select 3) A/R Invoice

  9. Finish the settlement and print each form

The last step is to go to ACR > Payments/Prepayments > Enter Payments Received > apply the check

 

If you’d like to learn more about this functionality or workflow, please contact Greenstone Support at 800-366-2474 or mysupport@culturatech.com and reference this Knowledge Base Article.

 

 

Related content

Adding a New Card Program
Adding a New Card Program
Read with this
Advance Settlement
More like this
Major Options in LDG Grayed Out: How to Fix
Major Options in LDG Grayed Out: How to Fix
Read with this
Creating an Invoice - Prepayment
Creating an Invoice - Prepayment
More like this
Adding or Editing Cards in Name Address
Adding or Editing Cards in Name Address
Read with this
Payments / Prepayments
Payments / Prepayments
More like this

3820 Mansell Road, Suite 350 ✦ Alpharetta, GA 30022 ✦ www.GreenstoneSystems.com
© 2011 - 2024 Cultura Technologies LLC. All Rights Reserved Worldwide.  Products and company names mentioned herein may be trademarks or registered trademarks of their respective owners.