We have several well owners to which we have prepaid an estimated amount of royalties for a year or more. We deduct the amount that should go to these owners from the prepaid amounts each month until we net to zero, then we begin generating check payments at that time. How would you recommend tracking this in SherWare?

You can put them in deficit by adding a suspense history record. The software will automatically net the revenue each run against this deficit. Once the deficit is covered it will automatically start sending them a check each run.

On the suspense history screen under the Maintain menu create a new record. Choose the owner and the well. The Run No, Run Year, and date should be the same as the last run that was closed for the group that this well is in. Choose the Group that this well is in. The Action is Into Suspense. The net amount should be entered as a negative number and the suspense type should be Deficit. The fields I did not mention can be filled out to your preference.

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