Setup > Trade Type allows you to categorise incomes or expenditures that you wish to add to the trading module. Trade types are added under two categories: ‘Miscellaneous Payment’ or ‘Miscellaneous Receipt’.
A Miscellaneous Payment trade allows you to allocate a cost to field records. For example, you may wish to record rental costs for a certain fields. In this example, you would add a trade type under ‘Miscellaneous Payment’ called ‘Paying Rent’ and then create a trade with the total value and correct fields associated.
A Miscellaneous Receipt trade allows you to attribute an income to field records. For example, you may wish to record income from an environmental or stewardship scheme. In this example, you would add a trade type under ‘Miscellaneous Receipt’ called ‘Stewardship income’ and then create a trade with the total value and correct fields associated.
To add a trade type
From the setup module:
- Select Trade Types
- Select + New Trade Type
- Enter a trade type name
- Select whether the trade type is a payment or receipt
- Select the tick to confirm
For more information see Adding a Trade.