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<< Click to Display Table of Contents >> Navigation: Revenue/Billing > Revenue/Bill Cycle > Rev/Bill Extract Entries > Current Tab > Rev/Bill Extract General |
After selecting the Extract Type, you will notice the tabs below. If selecting a Revenue Only or Billing Only cycle, only the corresponding tabs will show below. The first tab, General, has basic information on filters and restrictions. These will persist from the last cycle. Make sure the box “Net Owners…” box in the Check & Statement Options section is checked.
Check Date and A/R statement as of date |
Date printed on the checks, check register, check history, Revenue jrnl. etc. Also the “As of” date for owner settlement statements and netting. |
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Bank Code |
Enter the bank code the revenue checks will be written out of. |
On or Off to refund credit amounts depending on the owner’s A/R balances - the "Refund Credit AR Balances" box must also be checked on the General tab of the Owner Maintenance. If the "Transfer petty suspense to A/R for WI owners that are netted" option is set to "Yes" (found in #80-Company, Petty Susp/Net tab) this option to refund should be checked as well. See How Netting Works in Pak Accounting.
Same as OK to net, but will also refund credit A/R balances. If you recently sold a piece of equipment on a lease and want the owners to actually receive the funds, then this option should be checked. If the proceeds are going to be used to buy another piece of equipment that hasn’t been billed yet, then consider holding the credit entry until the invoice for the replacement equipment comes thru or if you are wanting to show the credit on their balance but not actually refund the monies to the owners yet, then make sure this option is unchecked. |
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Net Owner(s) that are marked to deduct on the Owner Master (F12) |
On or Off – determines if the revenue checks will be netted against amounts due to you. This option should generally stay checked. The amount due to you includes billings from the current cycle and any balances due from previous periods. If you set up separate Accounts Receivable G/L Accounts for an owner in DOI maintenance, then each account is netted separately. If On, the netting is by owner and is determined by the ‘Deduct?’ switch in the Owner Master. See How Netting Works in Pak Accounting. |
Flush Negative Petty Suspense to owner(s) "Credit Account" |
This button will be available if the Suspense Pmts option is selected. In Owner Maintenance [F12] > Revenue/Billing tab > General sub tab - make sure the Payment Method is set to Credit Acct. |
Only process leases/groups/decks |
From and thru lease/groups/deck code range. Only the leases/groups/decks selected in the specified range will be included with current distribution and suspense per cycle. The default is to process all leases/groups/decks. Use the Select Groups option to select multiple groups. |
Print detail for Zero % WI owners |
Normally turned off. If you have working interest owners with a zero billing percent on the DOI and want to produce settlement statement detail for those owners. Sometimes pumpers are setup with a zero percent so that they can get after-the-fact a copy of the lease’s expenses that they pump for. |