Optional Sub-Systems > Mineral Interest System

Pak Accounting's Mineral Interest System (MIS) is a module that provides users the capability to track mineral deeds and related pertinent information including, but not limited to:

•Acquisition date

•Ownership

•General Ledger lease number

•Taxes from the point of view of the royalty owner(s)

Pak Accounting Interface: MIS interfaces with existing lease setup in Revenue / Billing. Also provides the ability to post tax entries to Accounts Payable module to pay taxing authorities.

Features include:

•Options to track taxes and post entries to A/P to pay Taxing Authorities.

•Options in various reports deed, lease, well, state and county, abstract and user defined grid reports.

•Ability to look-up interest by state, section, etc.