If you have royalty or override owners that would like their checks for a revenue run, but you haven't been able to enter the expenses for that particular run yet, how do you get just the royalty and override owners their share without also sending out the working interest owners' revenue?

You can put all of the Working Interest owners on hold then close the run. This will create a check for all of the owners that are not on hold (Royalty Owners). You can then take all of these owners off of hold and when you close the next run it will automatically net the revenue with the expenses after they are entered

If you have some owners with both Working Interest and Royalty Interest or Override Interest in the well, then he should have two interests set up in the well, one for each interest. You can then put just the Working Interest on hold on the Division of Interest screen by marking the "Int hold" option on the Working Interest record.

If you only have one interest set up for this owner then you can split it up into two interests then put the Working Interest on hold.

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Should revenue and expense for Dummy interest holders be posting to my QuickBooks accounts? And should revenue and expenses for owners "on hold" be posting to my QuickBooks accounts? (DMIE)

Any owner with the word 'dummy' in the owner name should be recognized as a place holder the system will not post that portion to QuickBooks. Only net figures are posted to QuickBooks, not gross.

If an owner is on hold, then their activity will be posted to QuickBooks. It will be cleared from Revenue Clearing and/or Expense Clearing like a normal distribution, but will post as a credit to the Owner Legal Suspense account instead of your bank account since they are not receiving a check.

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I had an owner on hold as we needed a division order. That has been received. How do I now generate that check?

You can do one of two things. Just taking them off of hold will allow their money to be released during your next closing. If you need it sooner, you can use the Utilities > Clear Owner Suspense screen (be sure to mark the option to Create a Check). Just be aware that if you clear the suspense manually, you won't get any detail on the check stub, and will probably need to send them a copy of their past statements as verification for the amount being sent.

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