Lot Calculations
Lots can be calculated in 3 different ways according to how you are collecting the data.
- If you are running the sale, the two most common ways to calculate are by head or by weight but per lot is also possible.
- If you are receiving data from another handler/agent, the best way to mimic their document totals is to calculate using price per lot.
Price Per Head (see Lot 1)
A simple way to enter sale data is to enter lots using the number of head and a flat amount. Weights are not necessary for the calculation.
However if your vendors require the weights, it would be best to include this data or use a different method to calculate.
Price Per Kilo (see Lot 2)
This requires the price and weight and is usually used in a direct sale so that it can be calculated correctly in Stockyard.
It is important to note that Stockyard rounds to 1 decimal places for weights, and 2 decimal places for price.
Price Per Lot (see Lot 3)
However if you are selling through other agents, invoices are generated by their systems and may not calculate to the same decimal point level.
Calculating using the price per lot option will guarantee that your invoices and account sales match theirs.
a) Enter the total price exclusive of GST for the lot into the Price field.
b) Ensure that you have Lot selected in the Per field.
To view the outcomes of these entries in account sales and invoices please see the below
Related Articles
Lot Types
In this guide, we will explain how to create, connect, delete and restore a Lot Type Key Notes BLUE highlighted Lot Type means it has been previously used in a Clearing Sale before. RED highlighted Lot Type means it has been marked inactive. GREEN ...Splitting Lots
There are two ways you can split a lot, either Stockyard for PC and Stockyard Mobile Splitting Lots on the PC Two ways to Split Lots Option 1: In Livestock --> Open a Sale In the Lots grid view --> Right-click on a Lot and click Split Lot Option 2: ...Understanding Export to Disk in Postman
There are times when a report can only be generated on the screen or sent as an email but you might like to have the information in an excel format. Using Export to Disk will export the data in a raw format to then be dealt with. Step 1: Choose ...Creating an Agistment Sale
When animals are grazed on another property, invoices and account sales for this service can be generated from an agistment sale type. If using the Accounting module the correct journals will be created so the banking can be easily processed. 1. ...Stockyard Mobile - Clerking
Ensure NVDs & Lots Are Pre-Entered into Stockyard Selling a Lot – Step-by-Step Click the Clerking tab on the main screen. A list of pre-entered lots will appear. ➤ Select the lot you wish to sell. Enter the Price after the lot is sold: Choose the ...