Live Demo Tour Maintenance Requirements Training Case Studies FAQ Accounting/Financial Management General Ledger Accounts Payable Accounts Receivable Revenue Accounting Joint Interest Billing Authorization for Expenditures Partnership Accounting Depletion(Cost and Statutory) Depreciation Budgeting Revenue Accurals Property Report Writers Financial Report Writers Land Management Lease Master Record Land Management Reports Land Management Inquiry SubSystem Contractual Obligations System Production Management Control Records Transaction Entry Production Reporting Inventory Entry Screens Purchase Orders Reports & Inquiry Payroll Master files Timesheet Entry Inquiry Internal & Regulatory Reports CDEX Crude Oil Marketing Master files Entry Processes Reporting Gas Marketing/Control Master files Entry Processes Reporting Insert brief text and link to launch tour Insert brief text and link to launch tour   Depletion The Avatar depletion system allows both Cost and Statutory Depletion to be calculated at the same time. The user has the ability to tell the system which accounts in the general ledger to use when calculating both methods of depletion. User defined control records are used to extract expenses and production from the general ledger Makes necessary book to tax basis adjustments 1,000 BBL/Day Limitations 65% of taxable income limitation report Reserves can be changed during the year and system will adjust depletion accordingly ©2003 Avatar Systems, Inc.