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Working with your Fonterra statement
Working with your Fonterra statement

Learn how to work with your Fonterra statements.

Updated over a week ago

Looking to Connect or Manage your Fonterra connector?

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 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

  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

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