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<< Click to Display Table of Contents >> Navigation: First Purchaser > FP Setup Checklist |
Since, the First Purchaser System shares properties with the Revenue/Billing Module, this Setup Checklist is based upon the assumption that the property is already set up in Revenue/Billing.
One-time setup:
Company Setup – Basic company information including regulatory filing information.
Property Link – Company defaults for all properties.
Product – Products to be used in the system.
Severance Tax – Severance tax calculations that will be used to calculate the taxes for each product purchased and/or sold. An estimate is presented on the Run Statements but the calculation takes place in the Revenue/Billing module.
Destination Company – CODE master (API Crude Oil Data Exchange) - used with CODE export.
Location Class – Optional, if recording cost of sales to multiple facilities.
Routine Setup
Purchaser/Operator – Set up Sub-Accounts. Note: The return address on statements is the purchaser's. This is to support situations in which there could be different purchasers for a group of properties.
Property – Information for each property or storage facility using the system.
Field/Pool – Field/Pools that will be associated with your properties-required for some state reports.
Tank/Meter – Set up tank strapping, meter, and LACT unit information for each property and storage facility.
Destination Company CODE’s – identify CODE with properties, used with CODE export (API Crude Oil Data Exchange).
Driver Hauling Rate - if needed.
Pricing
Price Index – Information from Posted Price Bulletins. This information can be imported in.
Gravity Scale – Price adjustments based upon gravity as defined.
BS&W – Price adjustments based upon BS&W as defined.
Sulfur – Price adjustments based upon Sulfur as defined.
Price Contracts – Contract information with associated information on indexes and Price Adjustment Scales.
Driver Rate - Driver Rates associated for each driver. This information is used on the driver payments reports.
Hauling Rates - Hauling Rates associated with each price contract. Used for hauling invoices.
Marketer Rates - Marketer Rates associated for each marketer. Associated to each price contract for Marketer Statements.
Purchase Fees - Purchaser Fees associated for each price contract. Used for rejection tickets, split load, and min bbls.
Vehicle Maintenance – If needed.
Early Pay Group - Set up various groups to allow you to associate to a price contract.
Volume Adjustment - generate new volume adjustments to properties that have (Has Volume Adjustment) selected on the price contract tab.
Examples