Managing Pay Proceeds
Access the Update Contract Block form, and select the Pay on Proceeds tab.
- Grower Equity Type
Specify a user defined code (43C/ET) that defines the type of contractual agreement between a customer and a grower.
- Grower Equity Percent
Enter a number that indicates the percentage of equity in a crop that is owned by the grower. Enter percents as a whole numbers; for example enter 5 for 5 percent.
- Pay on Proceeds Pool
Enter a user defined code (43C/PP) that defines a group of growers across which you spread the payments from the proceeds of accumulated sales for a crop.
- Payment Terms
Specify the terms of payment, including the percentage of discount available if the invoice is paid by the discount due date. Use a blank code to indicate the most frequently-used payment term. You define each type of payment term on the Payment Terms Revisions form.
- Select Schedule
Click this button to search for pricing schedules.
- Remove Schedule
Click this button to remove pricing schedules.