Oil And Gas is an optional component used to define your wells, your purchasers, the
properties that indicate the royalty interest paid by a purchaser on a well, and the
owner id your purchasers use to refer to you. It is used to record royalty interest
payments, post these payments to the General Ledger,
and generate reports to help manage your wells.
Features of the Oil And Gas system include -
- Virtually unlimited number of wells and purchases allowed.
- Automatic checking of amounts entered for lease/owner based on property royalty interests.
- Report on royalty interest in department, property or purchaser order.
- Report on missing payments based on previous payments for a property.
- Report on yield by department or cash account.
- Report on income/expense for a well for the past seven months
- Ability to generate reports from the start of the fiscal year to-date, from the start of
fiscal year through whichever month you indicate, or for a given month.
- Reports can be run for all wells, or limited to 1 to 5 wells.
- For the income/expense and yield reports, you define your own group and
sub-group headings, and the accounts assigned to them.
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For further information, contact
Product Sales.
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