FuelVision 365

Track and report in different units

As an energy trader, you want to know how much volume (liters actual or kilograms) you have sold and how many liters you have to register for customs (liters 15). So the conversion factors between mass, kilograms and liters actual are very important. Different units we always kept for traditional fuels and therefore we can also do it for new fuels. Whether it is LNG, butane or propane, thanks to the core extension it is possible to administer your different units and therefore also report in different units.

Daily prices

Business Central by default works with a number of valuation methods such as fixed transfer price, FiFo or LiFo. In energy trading, there is a need for a flexible valuation method and therefore the FuelVision 365 core includes its own stock valuation system. This means that we offer the ability to set a fixed transfer price per day at which your inventory is administered. It is also possible to make corrections after the fact to ensure that your margin remains correct.

Separate cost price per location

We make it possible to maintain a separate cost per location.

Example: If you have locations in Rotterdam and Maastricht, if the product arrives in Rotterdam and you then transport part of the product to Maastricht, you will incur extra costs and you will want to apply a higher cost price in Maastricht.

Customs functionality

The FuelVision 365 core maintains in detail the data required for customs. Separate customs entries are tracked and based on that, you can file your excise tax return or create your mass balance that provides insight into the beginning stock, positive and negative stock movements and ending stock per period.

Comprehensive sales prices

FuelVision 365 includes a very comprehensive and highly flexible sales pricing module. For example, prices can be set by customer (group), item (group), branch (group) or customer shipping code or a combination of these. You can also enter a manual price or an automatic index price based on any index such as Platts or Argus. An index price is calculated by a combination of the index and an index formula. This formula can be based on notations and/or a period such as last week, current month or last month.

Order type

Order types allow you to assign properties to purchasing and sales processes. Order types are used to indicate specific processes. Examples are sales on land or sea or sales to large or small customers.Per order type you can set certain properties such as:

• Specific numbering of e.g. orders, invoices or credit notes.
• Whether or not to assign a small order surcharge. Setting for collective invoicing.

Order templates

In addition to order types, there are also templates available in FuelVision 365. If you buy or sell in different units, you may want to have your order number and price always in kilograms for one supplier or customer and in liters for another supplier or customer. With order templates you can record this so that you automatically buy and sell in the correct units.

Stock mutations

In addition to buying and selling, FuelVision 365 supports the following inventory movements:

• Rebook;
• Move;
• Blend;
• Change colors;
• Booking of level differences.