A Shipment Advance is an early payment from a terminal to an elevator before grain is settled upon. Advances can be established for a specific Shipment or Shipments or generically. It is deducted upon processing the Shipment Settlement.
Process
- Navigate to Grain / Operations / Shipment Advance and select Add.
- Select the Customer and indicate the Location.
- Set the appropriate GL Debit Account if the default is not the correct account. The default is set up at Setup / Preferences on the Sales tab.
- Enter the Check # and dollar Amount.
- Select Add Shipments to this Advance if necessary and choose Equally to each shipment or By estimated units.
- Select Save when finished.
