The Advance Admin process is used to create and manage monthly advance payments to producers and corresponding processor invoices. Administrators select the payout date for EFT transfers, and the system generates the EFT file based on calculated advance amounts and any applied overrides. They also can adjust the dates when processor invoices are issued and when payment funds are due.
The top section of the process manages producer advances, while the lower section handles processor invoicing. Mid-month processor payments are scheduled to align with producer advances, ensuring sufficient funds are available and SaskMilk maintains balanced cash flow.
To open the Advance Admin page:
•Click the Payments arrow on the menu bar, and then select Advance Admin.
The Advance Admin page provides:
•Ability to create and manage monthly advance payments to producers and corresponding processor invoices
•Ability to close the advance period