Promo Fund Setup

Configure how the deduction is calculated and posted, together with the statements printed on the RR invoice.

Promo Fund Setup page

The Promo Fund solution can work in two modes:

  • calculation of the Promo Fund amount and printing of the RR invoice only; no additional entries are created beyond the standard purchase invoice posting process, regardless of whether the supplier is a farmer;
  • the extended mode, which also posts the deducted Promo Fund amount.

The active mode is controlled by Enable only Promo Fund calculation and RR invoice printing.

  • Promo Fund Account No. — account to which the Promo Fund amount is posted.
  • General Journal Template / General Journal Batch — define the journal used to reduce the supplier balance and transfer the amount to Promo Fund Account No.
  • Operation after invoice posting — determines whether the journal entry is created for manual posting or posted automatically.
  • Promo Fund % Value — percentage calculated from the net purchase invoice value.
  • Promo Fund Rounding Precision — defines how the Promo Fund amount is rounded.
  • Farmer Statement — statement printed on the RR invoice.
  • Own Statement — your own statement printed on the RR invoice.