Revenue Processing Features and Functions

• Produces a purchaser payment failure report by setting a flag indicating how often purchaser payments are expected


• Configures revenue entry screens to match purchaser statements


• Runs revenue for all companies simultaneously, not sequentially


• Records and settles sales at the wellhead or at various downstream sales points: Tailgate of Plant, Interconnect with Pipeline, Common Point - pool- Unit- Unit Tract- Well bore- Zone-and/or other points requiring allocation(s)


• Supports an automated revenue accrual process with automatic reversal in subsequent period


• Defines legal suspense codes


• Sets tolerance levels on oil and gas prices


• Allows user to allocate revenue to a second allocation group


• Allows user to post legal and minimum suspense to separate GL accounts [and maintains minimum and legal GL accounts at a detailed owner level]


• Posts payment detail automatically from voided checks to suspense


• Allows user to select cash accounts for revenue deposits


• Allows user to view 8/8ths and net volumes and values in the GL for all revenue, tax and handling accounts


• Tracks purchaser receivable amounts


• Runs revenue for specific owners


• Runs revenue for specific wells


• Runs revenue multiple times per month