Disbursement Manager Help
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Disbursement Manager Help
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| Miscellaneous Options |
Maximum Rounding to Adjust
By default the maximum rounding amount to adjust is $.50. If you would like a different amount as the maximum to adjust, enter it here. Also by default the system adjusts rounding to the working interest owner with the lowest owner ID in each well, unless a different owner is specified on the well record. If you would like the working interest owner with the highest owner ID to have rounding adjusted to them, check the option box beside the rounding amount.
Gathering Charge per MCF
The amount to be charged per MCF for gathering. This amount is multiplied by the number of MCF entered for the well and deducted from the gross income before anyone is paid. For a well to participate in this, it has to have the gathering charge option enabled in its well record.
Compression Charge per MCF
The amount to be charged per MCF for compression. This amount is multiplied by the number of MCF entered for the well and deducted from the gross income before anyone is paid. For a well to participate in this, it has to have the compression charge option enabled in its well record.
Vendor Compression and Gathering Paid To
If the compression and gathering charges should be paid to a particular vendor, enter that vendor's ID code here. The system will then create a check to pay the compression and gathering to that vendor when the run is closed.
Minimum Royalty 1099 Amount
Enter the minimum amount, (set by the IRS), that 1099s for royalties need not be sent out if they are below this amount. This minimum only applies to royalty interest owners.
Minimum Working Int 1099 Amount
Enter the minimum amount, (set by the IRS), that 1099s for non-employee compensation need not be sent out if they are below this amount. This minimum only applies to working interest owners.
Revenue Account No. and Company Reporting No. are used for various state compliance reports.
Build 1099s Based on Gross Revenue
By default, the system will create 1099s for owners based on net revenue received. This option allows you to create 1099s based on gross revenue.
Section 29 Rate Per BBL
Enter the amount, usually set by your state's oil & gas association, used for calculations on wells that have been marked as a section 29 credit well in the well information screen. See the section on Investment Reports for more about the Section 29 Credit Report.
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