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<< Click to Display Table of Contents >> Navigation: Revenue/Billing > Rev/Bill Company Maintenance > Rev/Bill Company > Partnerships Tab |
Rarely used; default settings should be NO (break out by owner# only). When using the No net across, but pay minimum option (which requires the Transfer petty suspense to A/R for WI owners that are netted), if a partnership ends up with a credit balance, but not enough to get paid, then an explanation will be added. Yes - This feature is used when client wants to pay each partnership out of a separate cash account within one cycle. Netting across partnership - when selected, this feature will net across ALL partnerships. The ability has been added to apply the minimum check amount to the owner level AND not include partnership(s) that have a negative cash flow. I.e. The sum of the partnerships that have a positive cash flow must be greater than the owner's minimum suspense amount. Owners must be setup to Transfer petty suspense to A/R for WI that are Netted for this option to work. |
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Group Sub-Table & Roll up level – allows for a summary of multiple wells on the settlement statement on an owner basis •No Rollup-Summary by Property# (default) |
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Fund Deducts |
This is an owner level option to allow owner(s) to be paid a return on their investments. This will allow the excess to be remitted to a reinvestment fund account. Be sure the A/R Account Range is defined to include all fund deduct owner A/R accounts. **To deduct, select the Fund Deduct option on the Revenue tab of your cycle. |
Pct Deduct of Net Option |
N - Fund Deducts option is disabled. G - Deduct by roll-up group on DOI. (This option is used in conjunction with the "Roll-up" level). It will total all properties together when applying the Pct Return amount as defined on the Owner Master / Fund Deduct Tab. P - Deduct by Property. This is per property and is a specific percent return amount as defined on the Owner Master / Fund Deduct tab. |
Pct of Net Account |
Define the account that the reinvested monies will be held in. This is typically a liability account. See Fund Deducts for the complete setup. |
Optional Partnership System |
See Partnership Reporting for more information. |