How do cancelled transactions work?

Instead of deleting an original transaction, it is better to mark it as “cancelled.” This approach provides a more realistic picture of the details and costs of the original transaction.

Steps for single cancellation transactions:

1. In the header of the transaction page, select the marketing cycle during which the transaction cancellation occurs.
2. Tap the “+” sign in the blue circle at the bottom of the transactions page to add a new transaction.
3. Set the “Transaction date” to when the transaction cancellation occurs.
4. In the “Contract with” field, enter the name of the entity involved in the transaction cancellation.
5. In the “Quantity” field, put a “-” sign in front of the amount of the “cancelled” transaction. The quantity can be the same as or less than the original transaction.
6. In the “Futures price” field, use the same price as the original transaction.
7. The “Harvest Type” must match the original transaction.
8. In the “Marketing tool” field, use the same marketing tool as the original transaction.
9. In the “Marketing tool cost” field, enter the exact marketing tool cost as the original transaction. If there are additional costs due to the cancellation, add them here.
10. The basis delivery differential should be the same as in the original transaction.
11. In the “Other costs” field, enter any additional costs that have not yet been specified.
12. In the “Comment” field, note the date and description of the original transaction.

Steps for cancelling batches of transactions:

Complete all the fields to provide better background information about the cancellation, but ensure the following fields are accurately filled:

1. Set the “Transaction date” to when the transaction cancellation occurs.
2. In the “Quantity” field, put a “-” sign in front of the total amount of the “cancelled” transactions. The quantity should be the sum of all the cancelled original transactions.
3. The “Harvest Type” must match the original transactions.
4. In the “Marketing tool” field, use the same marketing tool as the original transactions.
5. In the “Marketing tool cost” field, use the average marketing tool cost of the original transactions and add the average of any additional cancellation costs.

Go to the original transaction that was cancelled:

• Enter the cancellation date and relevant descriptions in the original transaction’s “Comment” field.