Joint Interest Billing
Interfaces to General Ledger Transaction Files to Extract Well Expenses (Originating from AP or GL) and Performs Allocation by Co-Owner.
Interfaces to Accounts Receivable for Posting of JIB Invoices to Co-Owner Accounts.
Interfaces to Well History/Analysis and Production Reporting to Provide True Profit and Loss/Return-on-Investment Reporting as well as a myriad of Management-Oriented Exception-Based Reports.
Produces a Statement of Joint Operations for each Well for Management Review prior to printing JIB Statements.
Statement is Similar to JIB Statements except every Co-Owner and his Respective Percentages and Pro-Rata Expenses are detailed with Well Expense Totals for Management Review.
Summarizes Well Expenses by:
- Before Casing Phase Expenses.
- After Casing Phase Expenses.
- Lease Operations Phase Expenses.
- Re-Work Re-Completion Phase Expenses.
- Optional two additional User Defined Classifications with sub-totals by: Operating Expenses, Leasehold Expenses, IDC Expenses and Tangible Expenses.
E.B. Archbald & Associates Inc., 6701 N. Broadway, #310, Oklahoma City, OK 73116. Tel: 405-840-4411; Fax: 405-840-7026.