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Working with your Fonterra statement
Working with your Fonterra statement

Learn more about your Fonterra feed or connector.

Updated over a week ago

Looking to Connect or Manage your Fonterra connector?

Please note that the terminology has changed since creating this video. Single line is now known as Consolidated and Multi-line as Detailed.

Looking to complete a specific task? Click on the video shortcuts below.

  • 0:46 Single-line vs Multi-line

  • 1:22 Coding Fonterra feed

  • 2:41 Matching Fonterra feed

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 Consolidated or Detailed.

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.

What is Consolidated and Detailed?

Consolidated - displays a consolidated view of your Fonterra statement. Lines include:

  • this month's production including kgMS produced that month, and if appropriate

  • last season's retro/deferred payments,

  • for contract milkers; a payment allocation line

Detailed- 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.

The Consolidated view is the recommend view unless you need the the detail as it adds complexity to your coding.

Example of Consolidated display

Example of Detailed display

Example of Deduction invoice

Coding Fonterra statement

  1. Code your milk production information. This season's milk production should be coded as Milk Production: This Season.

  2. Code your deductions as appropriate. Suggested codes would be Milk Production: DairyNZ Levy and Milk Production: Biosecurity Levy.

Matching Fonterra statement

  1. Go to the Matching screen.

  2. Select the three invoices;

    1. Milk production information,

    2. Deductions,

    3. Farm Source, and the

  3. Corresponding Bank transaction.

  4. Then click the Match button (Click here for more information Matching).

    More Information

    Click here to learn how to set up your Fonterra connector

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