We finished drilling a well and it cost less than the AFE was. We have several owners that will have negative JIB statements this close and would like to write them a check for the negative amount. Can this be done and if so how? (DMIE)

Because they are JIB owners, the refunds will be paid directly from QuickBooks debiting the JIB Receivable account where their credit appears. There is no corresponding entry to make in the Disbursement & JIB Manager for this refund because JIB owner balances are stored completely in QuickBooks.

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We have working interest partners who are making capital advances to us for upcoming work on their properties. I went to "receive owner net payments" to show the credit then I went to "suspense history" to allocate the capital to the appropriate properties. The problem I'm having is at the end of the month when I close my revenue runs the system is trying to write these working interest owners a check for their remaining credit balances. I am trying to get the system to leave credit alone until it is completely netted out from expenses. I could avoid closing a revenue run but there are royalty owners and other partners to pay from these properties. Any ideas on how I can successfully manage credits?

By design the software will try to allocate any positive balances to the owners. To keep if from doing this, you can put the specific owner that sent the capital advance on hold in the owner information screen. This will make so that nothing is sent to him until you take him off of hold. You will have to manually watch his balance and take him off of hold when the advance has been used up. This will make so that you can continue to close the runs for the other owners and his portion will be kept in suspense.

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