General Features and Functions

• Includes non-billable items


• Excludes non-billable items


• Reverses from decks


• Rebuilds to decks


• Group


• Individual


• Property


• By AFE


• By company


• Per session/per voucher


• Supports PPA criteria


• Sytem selection


• Generates reports to identify included, excluded, and exception expenses from the rebook process, if the system does exclude certain charges from the PPA process


• Generates reports to identify included, excluded, and exception expenses from the reversal process, if the system does exclude certain charges from the PPA process


• Charges that appear on JIB invoices that are not picked up during a prior period reversal and rebooking processes


• During an overhead reversal and rebooking situation, can the user designate whether to reverse the overhead as originally distributed OR with the current ownership distribution?


• Reverses and reissues material transfers in addition to all other billable items when a PPA is done within JIB


• Allows suspension of unknown ownership share posts while company's share posts sent to company's books


• Processes several company transactions for each respective company seperately


• Systematically creates, during JIB processing, intercompany booking to the affiliate company


• Runs JIB simultaneously for all companies, with billing statements/AR statements generated for each company in separate print files


• JIB Processing including PPAs


• Allows user to select a prior period allocation table for the reversal and/or rebooking process, in PPA situation


• Automatically generates the allocation and its properties based on user-defined specifications, such as active well count/volumes, etc.


• Allows user to control the accounts which flow through the process in the system


• Specifies allocation criteria to accounts with cost types using source accounts as default


• Specifies allocation criteria from accounts with cost types using source accounts as default


• Contains reports identifying allocation opportunities based on user-designated criteria (certain cost center report levels/accounts, etc)


• Allows for certain hierarchy cost center report levels to be excluded/included in the allocation process


• Allows for effective dating of expense allocation tables


• Allows the user to designate which accounts are to be considered in the expense allocation process


• Contains ad hoc querying tools to allow user to get to an allocation's source (what cost this cost center was allocated from/what cost center(s) this cost center allocated to, etc.)


• Allows regular prior period corrections or audit exceptions to use specific eff dated allocation tables


• Allows for tables to be expired with allocation suppressed


• Allows the user to designate the level at which expense allocation will occur (meaning, at what detail the allocation tables are to be generated)


• Generates any automatic expense allocation table based on its hierarchy levels


• Generates any automatic expense allocation table based on its hierarchy levels


• Contains an expense allocation table set-up screen, wherein the user can designate the accounts that will be used in the expense allocation process (which accounts entries will be cleared to/recorded to when allocated to the properties)


• Allows the user to set up an expense allocation table manually


• Contains a multi-level cost center hierarchy with account controls that will only allow certain accounts to be used with certain types of cost centers


• Contains a multi-level cost center hierarchy from which expense allocation tables can be built


• Includes company costs centers in the same allocation table with intercompany expense allocation capabilities


• Supports a global property master so that expense allocations are also global and not company specific


• Supports a global property master so that expense allocations are also global and not company specific


• Processes JIB allocations for many companies simultaneously


• Processes area expense allocations for multiple locations


• Processes area expense allocations for a single location


• Facility level


• Pumper routes/beats level


• Office level


• Operational level


• Creates expense allocation tables


• AREA EXPENSE ALLOCATIONS


• Creates and maintains rate table information systematically (can the system extract the correct data needed for rate table updates)


• Creates and maintains rate table information manually


• Allows user to add missing calculations (non 100% operated properties) with reasons such as missing bill deck or missing rate info


• Performs individual overhead rebills


• Performs individual overhead reversals


• Applies attributes jointly (over several accounts)


• Calculates labor and employee benefits per project


• Calculates labor and employee benefits per person


• Diffentiates between drilling charges and workover charges


• Matches charges (from above) to the correct number of rig days


• Calculates overhead at a physical well bore


• Calculates overhead at a physical well at completion level


• Calculates overhead at a physical well at group level


• Applies controls and approval levels to create closing transactions that affect the joint venture


• Allows user to receive a phone call, if notification is possible


• Allows user to be paged, if notification is possible


• Allows user to receive e-mail, if notification is possible


• Runs Joint Interest Billing process for all companies simultaneously


• Runs Joint Interest Billing process for a single company


• Runs Joint Interest Billing process for a single property


• Uses controlled tables to manage JIB processing for such categories as follows:


• Uses controlled tables to manage JIB processing for cost type numbering


• Uses controlled tables to manage the JIB processing naming convention with description


• JIB AR account to record outside receivable to


• Company gross book to account with description


• Provides company net cutback account with description


• Permits invoice suppression on JIB invoice


• Provides JIB netting flag for property level netting


• Provides posting of detail versus summary cutback information


• Permits dependent cost types designation for JIB master files or billing decks


• Permits account class distinction for accounts running through JIB distribution/invoicing process


• Nets or separates bill expenses


• Nets or separates capital costs and lease rentals


• Net or separates lease rentals


• Provides program scheduling functionality to automatically start jobs


• Provides program scheduling functionality to start jobs automatically using time or sequence with email notification


• Sends out notifications when specific events occur in the system (ex: process is locked, process aborted, process completed successfully, certain record count reached, etc.)