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   Joint Interest Billing The joint interest billing process can be run as many times each month as the user chooses. The process will only select those entries that have not be disbursed at that time. The JIB process automatically updates the accounts receivable system when run live. As many edit processes (facsimile of live processing) can be run as needed. The process can be run for selected or all properties at a time. A detailed invoice is printed for each owner and each property they participate in A summary statement is printed for each owner showing, in summary, all the properties they are in Multiple divisions of interest for user defined expense groups JIBs can be suspended for legal or minimum amount reasons JIBs can be netted against the revenue by property or in total for all properties A maximum of 150 characters of description can be printed for each entry on the JIB. This is in addition to the description of the type of charge being billed. Prepayments can be entered and applied against the JIB by types of charges If a division of interest has not been established on a property, the charges that should be billed out are held until the division of interest has been set up. At that time the system will release the entries and bill them to their respected owners. The system has an automated procedure that reverses the expenses entered to the wrong division of interest, to the correct one, even if the charges have already been billed. Charges can be held in Work-in-Progress until the user decides to bill them all out when the project has been completed Inquiry Screens: JIB Suspense and Prepayments If an owner has been suspended, or has a prepayment, you can look at the detail of the suspended items, or the balance of the prepayment.       Best viewed at 1024x768 Reports: Allocation report Suspense report Prepayment report ©2003 Avatar Systems, Inc.