How to work with your Fonterra statement

How to work with your Fonterra statement

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

Understanding Fonterra statements
Once your Fonterra connector is set up, you will automatically receive two invoices in your Needs Action screen between the 15th and 20th of the following month.

• Invoice One: Contains milk production information. The level of detail depends on whether you selected Consolidated or Detailed for your Fonterra statement display.

• Invoice Two: Contains deductions such as DairyNZ and Biosecurity levies.

NOTE: The Farm Source invoice is available through a separate connector. Learn more here.

What are Consolidated and Detailed statements?

• Consolidated: Provides a summarised view of your Fonterra statement. It includes:

  • This month’s kgMS production

  • Last season’s retro/deferred payments (if applicable)

  • Payment allocation line (for contract milkers)

  This is the recommended view.

• Detailed: Displays all individual lines from the Fonterra statement, including:

  • Winter milk premiums

  • Volume adjustment payments

  • Other specific payment types

  You can code or merge various lines to suit your reporting needs.

TIP: Use the Consolidated view unless you require more detail, as the Detailed view adds complexity to coding.

Coding your Fonterra statement

• Code milk production for the current season as Milk Production: This Season.

• Code deductions appropriately. Suggested codes:

  • Milk Production: DairyNZ Levy

  • Milk Production: Biosecurity Levy

Matching your Fonterra statement

1. Go to the Matching screen.

2. Select the following invoices:

   • Milk production information

   • Deductions

   • Farm Source

   • Corresponding bank transaction

3. Click Match.

More Information

Learn how to set up your Fonterra monthly feed