Revenue Reports - Other Column Title

Option allowing the "Other" column title to be renamed, this will also change the Revenue reports going to owners from Other to new name.

OK State Severance Company Reporting#

State Reporting number used for the Oklahoma Gross Production Report.

Default Division Order Template

Division Order file name for template saved in Rich Text Format (.rtf)

Automatically hold entries created from invoicing

Rarely used custom feature, used with the invoicing module.

Allow 2nd Sub-Table on Accts

For non-oil and gas companies, ability to record expenses on a second Sub-Account level.

AFE Type

Revenue Billing AFE (default) or Track Expenses (rarely used).

Revenue Payable Accrual Account/Sub-Account

Option to override the default behavior of using the revenue check date for the general ledger effective date in the revenue distribution journal (RDJ). With the addition of an account or account/Sub-Account, the general ledger effective date for the RDJ will be the “Revenue CutOff Date” as defined in the Cycle Extract Entries – Revenue tab option. Typically this option will be used if working interest owner netting is turned on, and you prefer to credit the owner’s accounts receivable account using the above referenced "Revenue CutOff Date" instead of the revenue check date. A timing account is necessary since part of the RDJ, the entry( ies ) to cash and backup withholding payable, are still recording as of the revenue check.

TX Severance Tax Production Date Offset

Used with the Purchaser's Report if the effective date of the GL entries are a different date than the production month. This allows the report to pull the correct production month.

When calculating severance tax...

To be utilized when calculating severance tax if the severance tax calculation allows the "other" to be deducted from the basis, match up any "other" deductions that are not attached to a gross with the largest gross value for that property, product type, and production month.  When the matching is done the Invoice Number will be changed to match the invoice number of the gross entry that the "other" is being deducted from.  If there is no gross to attach the "other" to, then, the severance tax calculation should be zero versus a refund of severance tax.  If the additional other deduction causes the value to be negative, meaning gross minus other is negative value the severance tax will be zero for the portion of the severance tax that is based on gross less other deduction.