Promo Fund Settlement

The system calculates the deduction from the configured percentage and reduces the amount settled with the supplier.

The deduction amount is calculated while entering a Purchase Order/Purchase Invoice, based on the percentage from Promo Fund Setup. The amount is stored in the relevant document header field.

Note

The calculated deduction is visible only for documents where the supplier is marked as a farmer on the supplier card or on the purchase document. The field is located in the Invoice Details section.

When the Purchase Invoice is posted, the option selected in Promo Fund Setup determines whether the deduction is posted automatically as a Payment, partially settling the invoice, or created as a General Journal entry for manual posting. The latter also partially settles the invoice after posting.

As a result, the amount from the Purchase Invoice in the Vendor Ledger Entries is reduced by the Promo Fund amount. The reduced amount is also transferred to the payment worksheet and electronic banking as the amount payable to the farmer.