I completed printing my checks yesterday and I noticed they did not post to the checking account in QuickBooks I specified. All of the revenue is there, but not the checks? Is there something else I'm supposed to do?

After you've finished printing the checks from the run closing, you'll need to Post the Revenue Run to QuickBooks from the Tasks menu. This is the process that will place the checks in your QuickBooks check register.

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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?

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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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)?

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.

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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After closing runs and printing checks, we were unable to post to QuickBooks because the system indicated that one owner check in each company (the first check in each run) was not yet printed. We then selected these checks again for printing, confirmed that they did in fact print, and yet if we go back in to check processing, they still remain in the queue as if they haven't been printed.

Open the Check Register screen in our software, and use the List button to locate the checks that show as needing to be printed. Bring that check(s) to the screen by selecting it from the list. Enter the check number that was used for that check, and then click the Printed box in the lower right corner. Click Save on the toolbar when you're finished making these edits. This will remove the check from the print queue, and allow you to post the run.

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