Posting Revenue/Expenses for the Owner that represents your

If you have an owner record setup on the owner information window that represents your company, or any entity that you will be entering the revenue/expenses into this same company within SherWare then you can set that owner up to post directly to the chart of accounts. This will then post all of the owner's activity directly to an income/expense account instead of creating a check or a bill. This saves you time as you will then not have to print a check then manually enter it again.

Setup Posted Owner:
To setup an owner to post you can mark the option to "Transfer This Owners Activity To G/L" on the options tab of the owner information window.

Setup Expense Accounts:
Every expense code that will be allocated to the owner must have an expense account associated with it so that SherWare will know what expense account to post the posted owners share of the expense to. This account will be specified on the Expense Codes window in the "Accounts To Use For Posting Operator Owner Expense" field. These expenses will post when the run is closed. If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the General Ledger Preferences.

Setup Income Account for Working Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what income account to post the posted owners share of the revenue to. This account will be specified on the Revenue Categories window in the "Working Revenue" field. The revenue will post when the run is closed. If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the General Ledger Preferences.

Setup Income Account for Royalty Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what income account to post the posted owners share of the revenue to. This account will be specified on the Revenue Categories window in the "Royalty Revenue" field. The revenue will post when the run is closed. If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the General Ledger Preferences.

Setup Income Account for Override Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what income account to post the posted owners share of the revenue to. This account will be specified in SherWare on the Revenue Categories window in the "Override Revenue" field. The revenue will post when the run is closed. If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the General Ledger Preferences.

Posting:
Amounts will post to the income/expense accounts when the run is closed.

Unspecified Accounts:
If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the General Ledger Preferences.