Mineral Interest Company Master Maintenance

Name / Addresses / Etc.

Company Name and Addresses, etc.

Sub-table for Company/Ownership

Enter numerical General Ledger Sub-Table for Company/Ownership Sub-Accounts.  Set up Sub-Account for each company code that has ownership of mineral or surface of a deed.

Sub-table for G/L Leases

Enter numerical General Ledger Sub-Table for Lease (Property) Sub-Accounts.

Sub-table for G/L Wells

Enter numerical General Ledger Sub-Table for Well Sub-Accounts.

Sub-table for Surface Lessees

Enter numerical General Ledger Sub-Table for Surface Lessee Sub-Accounts.

Sub-table for Mineral Lessees

Enter numerical General Ledger Sub-Table for Mineral Lessee Sub-Accounts.

Sub-table for Orig. Min. Lessors

Enter numerical General Ledger Sub-Table for Original Mineral Lessor Sub-Accounts.

Sub-table for Tax Agents

Enter numerical General Ledger Sub-Table for Tax Agent (Authority) Sub-Accounts.

Sub-table for Tax Types

Enter numerical General Ledger Sub-Table for Tax Types, i.e. Ad Valorem Sub-Accounts.  Used on Deed Maintenance Tax tab.

Sub-table for Deeds

Enter numerical General Ledger Sub-Table for Deeds Sub-Accounts.

2nd Company Name

Enter a 2nd Company Name (if applicable).

Owner Record Copy

Use bullet to select the appropriate description pertaining to Copy Owner Information (should match  based upon the Default Owner #, Previous Property (all owners) or none (identify on a deed-by-deed basis).

Default Owner #

Will default to this owner on each company new deed added

Account for A/P Payables

General ledger Payable account (should have the tax agent Sub-Table)

Account for Tax expense

General ledger expense account for taxes (can have the Deed Sub-Table or the well, if desired)