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  1. Severance Tax

    WV has a threshold for what wells would require severance tax paid on them. It would be nice to be able to place your state's tax rate in the system along with entering the threshold. For example: You do not have to pay severance on a well that is under 1800 mcf a year or 80 bbls per year. We pay quarterly so at the end of each quarter if the system would recognize that severance was not due. The annual report catches up any wells that were not paid on end year.

    1 vote
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    1 comment  ·  Accounting Manager  ·  Flag idea as inappropriate…  ·  Admin →
  2. 1 vote
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    0 comments  ·  Well Profits Integrated Edition  ·  Flag idea as inappropriate…  ·  Admin →
  3. Make all numeric formats handle 999,999,999.99 on reporting.

    Add a couple more 9's to the format to accommodate larger numbers in the future. This can be manually fixed by adding a 9 to the report format.

    1 vote
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    0 comments  ·  All Software Applications  ·  Flag idea as inappropriate…  ·  Admin →
  4. Ability to import Fixed Well Expenses.

    Most of our 500+ wells have fixed overhead, welltending, and/or accounting fees. From time to time, upper management will decide to change those fixed expenses. It would be nice to be able to import those changes rather than having to go in and touch each and every well to change it.

    1 vote
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    0 comments  ·  Accounting Manager  ·  Flag idea as inappropriate…  ·  Admin →
  5. DOI screen add another row for Revenue for oil,gas&other due to wells having 2 different NRI's

    Currently the DOI screen has only 1 row for Revenue for oil/gas/oth.
    We are having an issue with a statement we receive, they are having 2 entries (different NRI percentages) for the NRI for 1 well. There are multiple wells with this issue.

    1 vote
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    0 comments  ·  Disbursement and JIB Manager  ·  Flag idea as inappropriate…  ·  Admin →
  6. Add OTH to the MCF/BBL Report

    Please add the OTH to the MCF/BBL Report. Right now it only shows MCF & BBLs.

    1 vote
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    0 comments  ·  Disbursement and JIB Manager  ·  Flag idea as inappropriate…  ·  Admin →
  7. It would wonderful to have the Investors Tax ID listed on the Division Orders

    Most of the time when submitting a D.O.I to the Oil shipping companies they request the SSN or FEIN to be listed. Being able to replace the Acct. No column with an Investor Tax ID would save from handwriting them in.

    1 vote
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    0 comments  ·  All Software Applications  ·  Flag idea as inappropriate…  ·  Admin →
  8. 1 vote
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  9. Revenue Run Closing Summary description

    It would be great to have a document showing where the data is gathered for each line of the report. Or something explaining each item. For example, what expenses are included in the "Expenses Processed" section?

    1 vote
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  10. Deposits Improvement

    Add the "group deposits" feature available in other modules to the DM.

    1 vote
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    0 comments  ·  Disbursement and JIB Manager  ·  Flag idea as inappropriate…  ·  Admin →
  11. 1099s

    I just wanted to let you guys know the whole 1099 process went very smoothly this year and for the first time, the submission to the IRS was good the very first time! Thanks!

    1 vote
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  12. Add production volumes to 1099 reconciliation report

    I suggest adding production volumes to the 1099 for both: 1) total volumes attributable to an owner so that they can be sure that they are not limited for their depletion deduction and 2) Qualified production under IRC section 45I (marginal well credit) - wells that produce 15 boe or less per day (90 mcfe) qualify as marginal and then the first 1,095 boe (6,570 mcfe) for the tax year from those marginal wells qualify as marginal production subject to the credit. It would be helpful to provide this information to owners receiving 1099s on their reconciliation report.

    1 vote
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  13. 1 vote
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  14. Print owner labels for a specific JIB run (currently only available for Revenue runs)

    Have the ability to print out a deposit ticket (or listing) when you make deposits.

    1 vote
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  15. Print owner labels for a specific JIB run (currently only available for Revenue runs)

    Print owner labels for a specific JIB run (currently only available for Revenue runs)

    1 vote
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  16. Allow suspense to be cleared as of a particular run

    When a well is sold and the prior owner has suspense, we need to be able to clear the prior owner's suspense to give them a check before we transfer the interest to the new owners. There may be one or two runs that need to go to the new owners instead of all past suspense.

    Being able to clear suspense as of a particular run would allow us to leave the runs that should go to the new owners and clear what should go to the prior owner.

    3 votes
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    0 comments  ·  All Software Applications  ·  Flag idea as inappropriate…  ·  Admin →
  17. Advanced Posting for JIB Runs

    Provide an advanced posting option in JIB run closing as it is an option already in the Close Revenue Run

    1 vote
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    0 comments  ·  Disbursement and JIB Manager  ·  Flag idea as inappropriate…  ·  Admin →
  18. Line for note, description in suspense/beginning balance adjustments - date entry was made

    Line for note, description in suspense/beginning balance adjustments - date entry was made

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    0 comments  ·  All Software Applications  ·  Flag idea as inappropriate…  ·  Admin →
  19. House Gas Payment Received Report

    Please produce a report that shows House Gas Payments received. You have aged receivables but we need a report to show what payments have been received. Also would be nice if report shows the "Description" field from house gas usage entry as that is where we input the well that homeowner receives the gas from.

    1 vote
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  20. Overriding Royalty Interest inclusion in wells

    Include a specific section for tracking ORRI along with all other types of interest. Most purchasers separate that out into a different accounting deck, therefore when manually entering in a check, the calculated values are entirely off and we manually have to change them. It would be a huge time saver.

    1 vote
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