Looking to Connect or Manage your Fonterra connector?
Looking to complete a specific task? Click on the video shortcuts below.
Understanding Fonterra Statements
Once your Fonterra connecter is set up, you will automatically receive two invoices in your Needs Action screen between the 15th-20th of the next month.
Invoice One: An invoice with related milk production information. The level of information supplied will depend on whether you selected the Fonterra statement display as Single line or Multi line.
What is Single-line and Multi-line?
Single line - displays a consolidated view of your Fonterra statement. There will be a maximum of two lines;
this month's production including kgMS produced that month, and if appropriate
last season's retro/deferred payments.
Multi line - displays all the lines in the Fonterra statement. This allows you to differentiate all the various payments eg: winter milk premium, volume adjustment payment etc. You can code or merge the various lines to meet your reporting requirements.
Invoice Two: An invoice for deductions i.e. DairyNZ and Biosecurity levies.
Note: The Farm Source invoice is available through a separate connector. Learn more here.
Example of Single Line display
Example of Multi-line display
Example of Deduction invoice
Coding Fonterra Statement
Code your milk production information. This season's milk production should be coded as Milk Production: This Season.
Code your deductions as appropriate. Suggested codes would be Milk Production: DairyNZ Levy and Milk Production: Biosecurity Levy.
Matching Fonterra Statement
Go to the Matching screen.
Select the three invoices;
Milk production information,
Deductions,
Farm Source, and the
Corresponding Bank transaction.
Then click the Match button (Click here for more information Matching).
More Information