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Apply Deductions to a producer.
Deductions can be set up to deduct an amount from a payment . Such as loans.and be deducted from a Settlement. Deductions could be grower fees or loans to a grower.
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Apply Deductions to a producer.
System --> Producer Management --> Deductions
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After selecting the producer any deductions previously entered for this producer will be displayed. These deductions can be changed and/or new deductions can be added.
Deduction Information
Deduction Code - Make a selection from the drop down - required. See below for setting up deduct codes.
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- Comments. Display, add or change any comments needed for the selected deduction.
- Balance Information
- Deducted From – description of what has happened to the deduction.
Example: Starting Balance - Flock Code – flock which deduction was taken against
- Date – date deduction was taken
- Add – amount added to deduction (starting balance)
- Subtract – amount taken at settlement or payment
- Comments
- Identity – unique identification number for deduction taken
- Adjustment of – the identity number of the deduction code adjusted
- Adjustment Amount – the amount of the deduction adjusted
- Deducted From – description of what has happened to the deduction.
- Excluded Farms. Deductions will not be taken from payments or settlements calculated for these farms. Only the farms for the producer will be listed.
Deduction Codes
Enter the deduction codes which can be deducted from a flock settlement or a payment for a producer
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