Enter your beginning cycle month and year; each cycle date will roll forward from this point. NOTE: click the check box to clear any manual entries inputted in summary maintenance. To clear a cycle, use the Clear Cycle button on the bottom of your screen. You can only clear a cycle that hasn't been closed out.
This is a single function screen, which does the following:
1.Increments the system cycle date by one month.
2.Generates new monthly records from Daily Production entries and Run Ticket entries, and Monthly Gas Sales, for the new current monthly reporting cycle date.
3.Temporarily moves daily production records, run ticket records, and monthly gas sales records to history, making them unavailable for editing.
4.Allocates production from Commingled Facilities to Allocated Leases, based on the current Commingled Facility Maintenance settings. Allocation only effects EOM since the other fields are calculations – see Commingle Documentation for further explanation.
a.Since beginning balance pulls from ending balance of the previous month, it is possible the beginning balance on the commingle will not be the same percentage since it is based on the prior month’s allocation. EOM will equal current month allocations.
b.Will have a record for the Commingle and one for each of the properties. The properties will need to equal the Commingle amount.
NOTE: If you are copying over entries from the prior month and the property is no longer active and has no ending balance, a summary record will be setup for that property. When it is no longer needed, delete it from the Summary Maintenance so that it will not pull in the next month.