Adding a Rate for Each Grade Discount Table

Overview

Use this job aid to add a rate for each grade discount table. Discount tables facilitate ticket entry. By standardizing the values for each grade, discount tables are used in the calculations for each discount and/or premium. Discount tables should contain all possible grade factors. Processing of scale tickets may occur faster and with fewer manual operations by the users if all grade factors are included.

To add a rate for each grade discount table:

1. From the Toolbar, click GRN for Commodity Management.
2. From the Commodity menu, select Commodity Tables.
3. From the Commodity Tables menu, select Discount Tables.
4. Select Add New Discount Tables.
5. In the Discount Code box, click Lookup or type * and press Enter, and then select the discount code you want to add a discount table for, or type the discount code that you want to add a discount table for.
6. Click OK.
7. In the Commodity Code box, click Lookup or type * and press Enter, and then select the commodity code you want to add a discount table for, or type the commodity code that you want to add a discount table for.
8. Click OK.
9. In the Discount Table box, type a single-character that identifies the specific discount table that will be applied towards a transaction. This single-character input field accepts a number, a letter, a special character, or a blank.
10. In the Effective Date box, type a date that the discount table will become effective.
11. Click OK.
12. In the Discount Table Description box, type a description (for example: elevator table, ADM table, etc.).
13. In the Position Table box, type a discount table. The discount table can use a different table for updating the position than the one used for discounting certain clients. For example: the moisture discount table can be set up as a cents per bushel charge and you want to shrink inventory based on a percentage of bushels. If the position is to be updated using the same table, leave the defaulted table code in the box.
14. In the Rate Method box, type 3 for Enter a Rate for each Grade.
15. Click OK.
16. Select a Add/Edit One Grade.
17. In the Grade box, type a number that will determine the grade for this table. If the Grade Factor Method on your discount/premium code is setup as Number of Days Late as in a carrying charge premium, the grade represents days.
18. Click OK.
19. In the Rate box, type a positive number.
20. In the Rate Types box, type a number with the appropriate rate type, for example 1 for Percent of Gross Bu.
21. In the Discount/Premium box, type 1 for Discount to subtract, or 2 for Premium to add.
22. Click OK.
23. Repeat Steps 17 - 22 until all grades are added.
24. Select Save/Exit.

Learn more about Discounts feature:

• Adding a Flat Rate Discount Table
• Adding a Maximum Allowable Rate Discount Table
• Adding a Rate for Each Grade Discount Table
• Discount Code field descriptors
• Deleting a Discount Table
• Printing Discount Tables
• Setting up Storage Premium
• NEW IOWA INDEMNITY FUND TAKING EFFECT 9
• Change Effective Date on Discount Table
• Discount Tables 101
• "THIS DISCOUNT GRADE FACTOR WAS NOT FOUND" Error Message [Quick Tip]
• Carry Charges
• Setting Up Interest to Calculate on Deferred Payments at Settlement Time
• Sales Tax on Storage and DP
• Discount Tables
• Discount Code - How to Add a Discount Code to Ticket Entry Screen
• Discount Schedules
• ONLY USE THIS TABLE WHEN FEATURE IN DISCOUNT TABLES
• Setup of Milling Yield Discount Tables
• Setup And Use Of Grain Assessment
• Flat Percent Shrink for Stored Bushels
• How To Update Grain Assessment When There Is A Rate Change Quick Tip