Summary:

This article documents the usage of Egg Grade-out Valuation which can be found through the System menu.

Prerequisites

• Egg Size Matrix Config.
• Egg Processing Plant
• Egg Processing Equipment
• Grade Out Batch process

Egg Grade-Out Valuation process

Configurations

Egg Size Types

System --> Settings (Ribbon Bar) --> System Types tab --> Egg Size Types drop down

Under System Types under System Settings select the Egg Size Types drop down.  These egg sizes need to be set up to set the Egg Size Configuration and utilize the Grade Out Batch.

Make sure that you have included the egg size type sort order.  This order will be reflected in the Valuation configuration where you will set the egg size prices.  If you want to enter them in in a specific order this is where it will be specified.

Users will also want to include on their egg sizes the Grade Type and whether the egg size type is considered a Grade A, large and above grouping.  These choices will be reflected in reports and how the reports groups different sizes.

Revenue Codes

System --> Expense Codes --> Revenue Codes

Revenue codes can be set up here which include grade-out credits and deductions.  If a revenue code is a deduction, you can specify which egg size types should be excluded from the calculations.

Valuation Configuration

For each Egg Type and division set the prices by Egg Size.  The price unit of measure is determined by the setting on the egg grader configuration in egg processing equipment.  Set the Allocation Method to be used (More information on these are below).  

You can also set effective dates if your egg prices change each week.  The valuation will use the appropriate effective dates based on the grade-out batch.

Valuation Process

Egg Grage-Out Batch

Enter in your Grade-Out information by Egg Type

On the Farms tab, include the flocks whose eggs are included in the batch.  You can have one flock or multiples.  You can choose the Load inline button to include all flocks that are inline for this plant.

Allocation Methods

There are currently two pricing allocation methods for this process that is set on the valuation configuration form.  For this process to distribute to the correct flocks, a user will need to include which flocks are included in the batch on the farm tab of the grade-out batch.  If only one flock is included in the batch, that flock will receive 100% of the egg valuation.  If multiple flocks are included in the batch it will utilize the selected allocation method.

Distribute value by eggs produced

For this allocation method, the batch will look at the inlcuded flocks' eggs produced to determine how much of the value each flock will receive.  The egg type included on the egg production form must be the same as the egg type on the grade-out batch for it to get a cut.  The batch date on the grade-out batch will also have to match the egg production date that it will pull eggs produced for.

Distribute egg value by hen days

For this allocation method, the batch will be distributed by the hen days for each flock included in the grade-out batch.

Valuation

When you open up your grade-out batch, there is a tab on the top of the form for valuation, valuation will list what the pricing configuration, effective date, and the allocation type in the header.  If you are ready to price you will select the price button.

Once you select price, you will see for each flock and egg size the eggs will be valued.

You can check the messages tab to review any issues or notes.  If all looks well then you can save your valuation batch.

Reprice Batch

At any time if you need to change your pricing, you can go back to the valuation configuration form and change your pricing.  You can then go into the grade-out batch valuation form and select the reprice batch option.

Reprice Multiple Batch's

At any time if you need to change your pricing, you can go back to the valuation configuration form and change your pricing.  If multiple batch's need to get the new pricing you can then go to the view an existing grade-out batch form, and highlight (Ctrl+Select) the batch's you would like to reprice and right click.  Select the reprice option and it will reprice and distribute the prices based on the updated information in the valuation configuration form

Revenue

Once the grade-out has been priced, the amounts will be included in the flocks revenue form located on the ribbon bar.

Revenue records that have a lock on them can only be modified by re-pricing the grade-out valuation batch.  Additional revenue records may be added to this form just like the expense form.

Accounting Close Dates

Once an accounting close date is set on the flock, batches that are prior to this close date can no longer be repriced, changed or modified in any way unless you re-open the flock.