When I enter production receipts for these various new wells in SherWare, do they post directly to the income account I select in QuickBooks or is there a way to make a deposit (since I create a deposit slip in QuickBooks and print it out for the bank)? (DMIE)

The production receipts will post to the selected cash account, and the account that you have specified as the Revenue Clearing Account on the Maintain > Account Settings screen. It will not be posted back to QuickBooks as income until you close the revenue run, since you may not be receiving all of the revenue as your company share, and it should only be posting your company's share. (Version 2)

You will specify the Revenue Clearing Account on the Edit > Preferences screen for Version 3.

If you use the Undeposited Funds account as the cash account to deposit it into, you will be able to print a deposit slip from QuickBooks after you've grouped your entries into a deposit. Our entry created by the receipt will just appear like any other receipt in QuickBooks that was received into the Undeposited Funds account.

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