The Check Stub Entry System allows oil & gas operators to track payments received from purchasers. It also helps ensure that all checks are received, and provides information to verify the 1099s sent by purchasers. The optional CDEX system takes it a step further, and allows payment information direct from modem, without having to type in the information from check stubs.
Features of the Check Stub Entry System include:
- Cross-reference by purchaser's lease number and your lease number
- Optional CDEX interface to download check detail from major purchasers via modem
- Track purchaser payments to ensure all checks have been received
- Print missing payments reports by operator or by purchaser
- For the investor: books the owner's share to the income/expense accounts
- For the operator: books the amount to be distributed to revenue payable
- Entries are created in WolfePak's Revenue system for amounts to be distributed
- Generate historical reports for 100% and owner's share:
- by lease
- by purchaser
- by product
- by production month
- by deposit date
- or any combination of the above
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