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Automated Calculation of Load Revenue
In The Logger's Edge you can automatically have the system calculate load revenue. This automatic calculation is an alternative to hand entering the revenue on a load-by-load basis. The selection of which of these alternatives is a preference that is configured when The Logger's Edge is initially installed. If you want to change this preference please contact us at Caribou.
In order to automatically calculate load revenue, you need to set up a 'Revenue Contract' that specifies the terms by which revenue will be calculated. The revenue contract represents the rules upon which your customer mills pay you for the work you perform. Select Contracts | Revenue Contracts | Contract Setup from the Main Menu. This link explains how to use the 'Revenue Contract Wizard' in order to set up a revenue contract.
The key step involved in setting up a revenue contract is the setting up of the rates (See Setting up a Revenue Rates: Calculate Revenue based on Load Attributes) .
An example set of revenue contract rates is show below:
Once you have set up your revenue contract, you next need to run the 'Invoice Calculator.'
The invoice calculator will apply all revenue rates to your loads for a pay period. Every time you enter new load slips or change revenue rates, you must rerun the calculator in order to update your load revenue.
There are two employee calculators in the system: (1) Invoices - Full; and (2) Invoices - Incremental. These calculators are under Calculators from the Main Menu
The 'Invoices - Full Calculator' will run invoices for all loads for a selected pay period.
The 'Invoices - Incremental Calculator' will run revenue calculations for selected blocks for certain dates in a selected pay period. This calculator is handy if you have just made a couple of changes to a load slip or revenue rate and don't want to rerun the full calculator. Once you are satisfied with your revenue run, you should always run the Invoices - Full calculator to ensure that you have a clean revenue run. The main reason for this advice is that the incremental calculator will not clean out revenue records if you have made changes to a load slip that change the block on the slip or change the date on the slip that moves it to a different pay period.
The Invoices calculator will save the calculated revenue into the load revenue table in your database.
If you have chosen to enter your revenue by hand, the invoices calculator will fill in the rate and basis in the load revenue table, but will set the revenue to $0.00. You must then edit the revenue record to enter the actual revenue you received from the mill. The easiest place to do this entry is under the menu item Data Entry | Load Slips | Load Revenue.
