- Suspense tables under operator’s control and parameters provide ample reports for complete audit trails
- Suspense released by owner for selected production dates and leases
- Determine and set minimum suspense amount by processing cycle
- Cross reference between purchaser’s well number and operator’s well number which enables user to input volumes and values directly from purchaser’s statement or check
- Alerts the user to any errors (Volume and Value / Lease) before moving to the next processing step—User can easily correct the problem right away
- Automatically creates G/L entries—company’s share, check amount and netted amount
- Electronic transfer of 1099’s and 1099 Replacement reports
- Accepts net information from purchaser and converts to gross prior to processing
- All detail maintained in history file
- Calculates production taxes for all states
- Option to net check by lease, owner and program (options set by user)
- Detail prints either on check or overflow statement
- Minimum Suspense file updated and accessed by owner anytime
- Revenue can be processed multiple times during a month
- Void check routine gives user the option to void the check and add it to either the legal or minimum suspense table
- Preliminary revenue processing available
- System allocates pay meter volumes and values to property based on input field volumes
- Ability to transfer related Entity’s share of revenue and volumes to another Entity by property
- Date sensitive Division of Interest
Next: Authorization For Expenditure
