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
- Deep functionality means a high degree of fit for your business with a few workarounds
- High efficiency due to batch processing and refined procedures
- Professional laser printed appearance of settlements with complete producer detail
- No worries about overpayment due to computational error or missed data
- Ability to make corrections such as 'reversing' tickets without voiding settlements
- Easy to use with few windows
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