The Oil & Gas Disbursement & JIB Manager Integrated Edition provides the independent oil & gas producer/operator with a stand-alone revenue distribution and joint interest billing software solution that uses QuickBooks® for the accounting functions. If you’re familiar with QuickBooks software, you will be able to quickly start using the Disbursement and JIB Manager software. With built-in QuickFill™ data fields, generous lookups and forgiving flexibility, this system was built for oil & gas operator/producers who don’t want to be forced into a rigid revenue distribution and accounting system, or who are already using QuickBooks for their accounting needs.

How Does it Work?

The Disbursement & JIB Manager Integrated Edition is designed to interface with a specified QuickBooks data file. When there is a bill for well expenses that needs to be charged to the owners in that well, it is entered through the enter bills screen of the Disbursement Manager. It can be broken down by well and the type of expense that is being entered. Immediately after saving the entry, it shows as a bill to be paid in QuickBooks. Any production revenue receipts that need to be disbursed to wells can be handled in a similar manner. There is a production receipts screen within the Disbursement Manager that allows entry of revenue by well and type, including taxes, or any expenses that get deducted from the check before it is received. After saving the entry, it shows as a deposit within QuickBooks. Also, since you select the cash account desired for this receipt, it can be deposited immediately, or grouped together with other deposits. Your normal day-to-day accounting activities still get entered into QuickBooks like usual. If the appropriate QuickBooks file is open at the time that the Disbursement Manager is started, it will connect to the QuickBooks file. Otherwise, if the Disbursement Manager is started first, it will launch QuickBooks automatically in the background before connecting to it.

Features include:

Designed to work with QuickBooks 2002 and newer, as long as it is the Pro version or higher.
Easy to use Windows® interface.
Retains many features of QuickBooks, including QuickFill data entry, and the standard QuickBooks dropdown account lists.
Produces royalty owner and working interest owner checks.
Produces joint interest billing statements.
The ability to net expenses against revenue.
Automatically calculates severance and production taxes.
Automatically calculates compression and gathering charges.
The ability to reconcile gas meters with a master station.
Produces year-end 1099s for royalty and working interest owners as well as year-end tax reports.
More than 100 stock reports built into the system, giving you all the information you need, plus an Ad-Hoc report writer that allows custom reports to be generated. Plus, any report can be exported to multiple formats, including Excel.
Option to print state required compliance reports. (Currently: LA, OH, PA, NY, TX, WV and WY)
Flexible division of interest decks. (Six different types of revenue decks and eight expense decks)
User modifiable check formats – use your own check stock.
The ability to print any report including owner operating statements before or after the revenue and expenses have been closed. Past data can be easily printed at any time.
Provides several investment reports such as depletion, section 29 credits, well payout as well as discounted-rate-of-return.
Additional integrated modules are available such as Land Management and Authorization for Expenditure.

The data integration with QuickBooks® provides the following time saving features:

Revenue distribution checks are posted to the QuickBooks check register with full details.
Joint interest billing statements post to QuickBooks as accounts receivable invoices.
Wells are defined as classes within QuickBooks. This allows several new possibilities for reports using QuickBooks reporting.
Company financials will now report on revenue distribution and joint interest billing.
Automatic synchronization between the QuickBooks list files and the owner, vendor, well, purchaser and expense code files in the Disbursement and JIB Manager.
Revenue entry in the Disbursement and JIB Manager will create check register deposit entries in QuickBooks.
Account lookups are based on the QuickBooks chart of accounts.
Bills added through the Disbursement Manager will create a corresponding bill in QuickBooks.
No longer do you have to enter data twice. Now you can enter your data once have it posted to both the revenue distribution and joint interest billing system and QuickBooks as your accounting system.

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