Owner History Adjustments
The Owner History Adjustments window can be used to add previous historical information into the Accounting Manager. Previous information will need to be added if you started using the Accounting Manager in the middle of the year and you want to have that previous information included in 1099 amounts reported. The owner history file is where the system gets the information used to calculate the 1099s. If you want your 1099s to be complete, you will need to enter any previous history information for the current year. Previous amounts can be lumped together into one production period if desired.
The information entered on this window will NOT be reflected on any reports that are for a specific run number. The information entered here will only affect historical reports (reports ran for a date or period range) and 1099s.
General Fields
Revenue Expenses Tab
Taxes Tab
Interests Tab
Owner ID
Enter the ID of the owner this history record belongs to.
Well ID
Enter the well ID of the well this history record describes.
Year, Period, Date
Enter the year, period and date this transaction took place.
Group
The group to which this well interest belongs.
Program
The program ID of the program this history record is for.
NOTE: If the 1065 & K1 Module is enabled any Owner History records with a program specified will be included on the Form 1065 and schedule K-1 created at year end.
Record Type
The type of interest for this owner history adjustment. The two types are Rev Interest and JIB Interest. Choose Rev Interest if this is for a royalty, override, or Netted working interest. Netted working interest is a working interest owner whose expenses are netted from their revenue on a Revenue run closing. Choose JIB Interest for any JIB working interest. JIB working interest is a working interest owner whose expenses are invoiced on a JIB run closing.
Owner Type
The type of owner. The owner types are: Royalty, Override and Working.
Interest Type
The type of owner interest. The interest types are Both - both oil and gas, Gas - gas interest only, Oil - oil interest only.
Direct Paid
The revenue that was directly paid. The choices are: None - no revenue was directly paid, Both - both gas and oil revenue was directly paid, Gas - gas revenue was directly paid, Oil - oil revenue was directly paid.
Oil Revenue
The amount of oil income.
Gas Revenue
The amount of gas income.
Other Revenue
The amount of revenue from other well products.
Trans
The amount of transportation income.
Misc Rev 1
The amount of miscellaneous revenue entered using the MISC1 code.
Misc Rev 2
The amount of miscellaneous revenue entered using the MISC2 code.
WI Expense
The owner's working interest expense amount.
Class 1 Exp - Class 5 Exp
Enter the owner's share of expenses for each of classes 1-5.
Gathering
Enter the amount of gathering fees deducted from the owner's revenue.
Compress
Enter the amount of compression fees deducted from the owner's revenue.
Flat Amount
The flat rate royalty amount, if this history record describes a flat rate. If so, be sure to check the option 'Flat Rate Record' in the lower left corner of the window.
BCP Expense
Enter the owner's share of before casing point expenses.
ACP Expense
Enter the owner's share of expenses that occurred after the casing point.
Oil Tax 1 - Oil Tax 4
The amounts calculated for the four different types of oil taxes.
Gas Tax 1 - Gas Tax 4
The amounts calculated for the four different types of gas taxes.
Other Tax 1 - Other Tax 4
The amounts calculated for the four different types of other product taxes.
Tax W/H
The amount of state tax withholding.
Backup W/H Amount
The amount of federal backup tax withholding.
This page contains a snapshot of all the owner's interests in this well at this point in time.
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