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Authorization for Expenditures
AFE module has everything necessary for the creation of
AFEs, Cash Calls and Reporting of Budget to Actuals for verification
reporting. Petroware2000’s AFE system allows for Budget
and “Turn Key” billing and reporting. The AP
screen inter-connects with any AFE created on a well for
easy view and selection. Optional selection, via the owner
screen, for an investor to be updated on current AFE balances
with JIB printing.
- Unlimited AFEs per well.
- Cut off date possibilities, or
open ended.
- Unlimited division of interest decks per AFE.
(ie; interest changes from BCP to ACP)
- Prepares cash call
invoices.
- Reports AFE detail with actual to budget comparisons
by well or by investor share.
- Duplication feature copies
AFE budget to create new AFE.
- Records and reports AFE charges/payments
by investors.
- AFE can be used alone or in conjunction with
Joint Interest Billing.
©2003 Avatar Systems, Inc.
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