Access Adjustments

Create adjustments for items like roll fees or delivery charges that can be added to contracts, tickets or settlements.

Access
Grant permission to User Profiles in Access User Profiles > select a User Profile > Menu Security > Reports > Main Menu > Setup.
Grant permission to User Profiles in Access User Profiles > select a User Profile > Security > Commodities & Grain Merchandising > Setup > Access Adjustments.

Create a new Adjustment by clicking the button.

Set a Type of Premium or Fee.

Enter a Name of up to 40 alpha-numeric characters.

Provide an Adjustment Description of up to 50 alpha-numeric characters.

Select the checkboxes available in Use On

  • Contracts
  • Tickets
  • DP Contracts
  • Settlements

Choose an Income Account by entering the GL account ID or use F12 to search.

Choose an Accrual Account by entering the GL account ID or use F12 to search.

The Calculation Method available

  • Flat Dollar Amount
  • Rate per Net Quantity
  • Rate per Gross Quantity
  • Annual Percentage of Net Value*
  • Daily Rate per Quantity
  • Percentage of Net Market Value
  • Percentage of Net Value, when selected, Check off is automatically selected.

*Allows interest to a deferred purchase settlement.

Depending on the Calculation Method selected, the following field will be come active.

In Flat Dollar Amount enter the dollar amount for the adjustment.

Use Rate per Quantity to enter the rate per quantity.

Provide the Daily Rate Per Quantity.

Enter the Minimum Fee amount to be assessed on the first day of each calendar month.

Set a Maximum Fee which is the maximum storage charge. The storage charge calculation now stops accruing once the maximum fee indicated has been reached

Indicate the Monthly Minimum Fee for the Adjustment.

Free Days indicates the number of days that Storage will not be assessed.

Decision Days provides the number days the producer has to decide what to do with their grain. If no decision past these number of days, storage starts at date of deposit.

Decision Date indicates the date a producer needs to decide what to do with their grain. Enter using the mm/dd/yyyy date format or use the drop down calendar.

Create a date range to assess the fee by entering dates in the State Date and End Date fields.

Settle Monthly select if fees will be settled on a monthly basis.

Rolled From Roll indicates the Futures month or Delivery Period, a contract or position is currently in, Roll Forward provides the Futures month or Delivery period to move the fee.

Select a Contract Action of

  • Price Adj when selected the Calculation Method is automatically reset to Rate per Net Quantity.
  • Settle to AR
  • GL Entry

Choose any of the options below if a fee is assessed from a producers sale of a commodity determined by which state the commodity is purchased.

  • Check Off is a state assessed fee automatically selected when Percentage of Net Market Value is the Calculation Method. See Item detail > Pricing > Commodity & Grain Merchandising > States to associate with a commodity.
  • Statutory
  • Sales Tax will be used with settlement adjustments to assess tax using the percentage set in Percentage of Net Market Value and Fee should be selected as the Adjustment Type.

Select Prevent Rate Override if the set rate can not be changed.Limit the use of an Adjustment by entering the Site ID or use F12 to search.

Limit the Adjustment to a specific Site by entering the ID or use F12 to search.

Use on a specific Commodity by entering the Item ID or use F12 to search.