Program/Partnerships

Programs are entities, such as partnerships, joint ventures, etc. that are set up to invest in wells. Programs can be set up using this window. A Program can also be created for a project that you wish to have subtotaled together on the Owner Distribution Statement.

The 1065 & K-1 Module is an optional module which can be added to your software program. If you are interested in purchasing this optional module, please contact SherWare, Inc.

Cash Acct
Account used for crediting when creating partnership distribution checks. The account number can be entered by typing in the ID, pressing the F2 button to bring up the lookup window, or by pressing the Cash Acct button to select it from the list.
The selected account should have an account type of: Current Asset

Debit Acct
The expense account used for debiting when creating partnership distribution checks.

NOTE: The Expense Account can also be set up to be a different account for each program. If an Expense Account is set up on the Program/Partnership window under the Maintain menu then that account will be used instead of the account chosen on this window. If the other account is not filled in then this account will be used.