Standard A/R Account

This is the default accounts receivable account number when adding new owners.  Set your A/R account to access the Owner Sub-Table (Sub-Table 101 in our example) in Account Maintenance (F11).

Billing Offset Account

This is the account used to record the total billing amount for the property.  When the revenue/billing cycle is updated, it is the clearing account for the billing entry.

Billing Deleted Interest Account

This is the account used in the Deleted Billing Interest section of the Rev/Billing Cycle Owner Summary Report to diagnose out of balance issues.  Required field if you desire to enter outside operated properties which are billed thru your books. (See Check Stub Added company cost)

AR Account for Unpurchased Product

Required for Wyoming AdVal (SF-2) or Severance Tax Report (SF-3) Collected for Operators (NOTE: Not a state report).

Dual Date - Revenue Receivable account

Enter Revenue Receivable account used Dual Date Reporting Feature

Revenue Suspense:

Legal / Petty  
Account / Sub-account

G/L Suspense Payable account and Sub-Account.  We recommend you use separate account numbers for each of these and do not use a Sub-Account.  The actual detail is reported within the revenue system.

Check Fee Accounts

If your company charges Check fees, set an Income Account for these fees to hit. Then on the Owner Maintenance, Fees tab, check the Enable Check Fees? box and fill out other fields as needed. Also see Check Fee.

ACH Fee Accounts

If your company charges ACH fees, set an Income Account for these fees to hit. Then on the Owner Maintenance, Fees tab, check the Enable ACH Fees? box and fill out other fields as needed. Also see Check Fee.

Prepaid/Cash Call Options

The GL prepayment account to be used by the AFE system during deposit entries and by billing cycle when automatically applying the payments against current month AFE charges. When setting up this GL account, assign it to your Owner Sub-Table.

If you are using multiple A/R Accounts with AFE's, you must use the Match Up option available in the Prepaid\Cash Call Option.  Most frequently used with Partnerships.  

Tax Warrant Other Account

Also see Tax Warrants.

Create Billing entries by Expense Type

For Each expense Type (i.e. LOE, IDC, etc) (rare)

One per Property, the standard setting

One per Owner (rare). This sets the detail level for the Billing journal entry.

Billing Distribution should be based on

Specify the criteria to be used for the date of the billing distribution cycle. The billing distribution can be based on the

•Cycle Billing Date from the billing tab on the Extract Entries in your Revenue/Billing cycle

•Entry Production Date (this will be the Service Date if specified, otherwise the Invoice Date or Effective Date)

•or the G/L Effective Date of the transaction