The Disbursement and JIB Manager Integrated Edition is a full featured revenue distribution and joint interest billing, Microsoft Windows® software application. It contains everything needed for processing revenue and expenses for your wells. Designed with flexibility it easily handles corrections and the complex nature of oil and gas accounting. The real time QuickBooks integration posts data into QuickBooks as you enter it. This allows you to always have up to the minute information in both programs. Learn more about how the integration works from the QuickBooks Integration topic.
Oil & Gas Disbursement and JIB Manager Standard - Special Edition for QuickBooks Users
Works with an unlimited number of wells and companies.
Includes Revenue Distribution and JIB Oil & Gas Disbursement and JIB Manager Basic - Special Edition for QuickBooks Users
Works with up to 20 wells and one company.
Includes Revenue Distribution and JIB
Land, AFE, and House Gas modules cannot be added to this product.
This product is designed to grow with your company. You can purchase the Basic Version and upgrade as needed. When you upgrade you will only be charged the difference in the price of what you paid for your current product and the product you are upgrading to, and you can upgrade at any time.
Optional Modules
Land Management Module
Can be added to the Standard version above.AFE Management Module
Can be added to the Standard version above.MICR Check Printing
Prints MICR bank encoding on blank check stock.State Compliance Reports
LA Gas Severance Tax, Oil/Gas Prod Report
NY Annual Well Report
OH Form 6, 6A, Form 10
PA Annual Well/Waste Production
TX PR
WV Annual Return
WY Severance Tax ReportHouse Gas Module
Tracks gas usage by homeowners. Allows a yearly free allocation of gas per owner and creates invoices after the yearly allocation is used.
QuickBooks Integration
The Oil & Gas Disbursement and JIB Manager Special Edition for QuickBooks Users provides the independent oil & gas producer/operator with a stand-alone revenue distribution and joint interest billing software solution that uses QuickBooks® for the accounting functions. If you’re familiar with QuickBooks software, you will be able to quickly start using the Disbursement and JIB Manager software. With built-in QuickFill™ data fields, generous lookups and forgiving flexibility, this system was built for oil & gas operator/producers who don’t want to be forced into a rigid revenue distribution and accounting system, or who are already using QuickBooks for their accounting needs.
How Does it Work?
The Disbursement and JIB Manager Special Edition for QuickBooks Users is designed to interface with a specified QuickBooks data file. When there is a bill for well expenses that needs to be charged to the owners in that well, it is entered through the enter bills screen of the Disbursement Manager. It can be broken down by well and the type of expense that is being entered. Immediately after saving the entry, it shows as a bill to be paid in QuickBooks. Any production revenue receipts that need to be disbursed to wells can be handled in a similar manner. There is a production receipts screen within the Disbursement Manager that allows entry of revenue by well and type, including taxes, or any expenses that get deducted from the check before it is received. After saving the entry, it shows as a deposit within QuickBooks. Also, since you select the cash account desired for this receipt, it can be deposited immediately, or grouped together with other deposits. Your normal day-to-day accounting activities still get entered into QuickBooks like usual. If the appropriate QuickBooks file is open at the time that the Disbursement Manager is started, it will connect to the QuickBooks file. Otherwise, if the Disbursement Manager is started first, it will launch QuickBooks automatically in the background before connecting to it.
Features include:
Designed to work with QuickBooks 2006-2009, as long as it is the Pro version or higher.
Easy to use Windows® interface.
Retains many features of QuickBooks, including QuickFill data entry, and the standard QuickBooks dropdown account lists.
Produces royalty owner and working interest owner checks.
Produces joint-interest-billing statements.
The ability to net expenses against revenue.
Automatically calculates severance and production taxes.
Automatically calculates compression and gathering charges.
The ability to reconcile gas meters with a master station.
Produces year-end 1099s for royalty and working interest owners as well as year-end tax reports.
Over 100 stock reports built into the system, giving you all the information you need, plus an Ad-Hoc report writer that allows custom reports to be generated. Plus, any report can be exported to multiple formats, including Excel.
Option to print state required compliance reports. (Currently: LA, OH, PA, NY, TX, WV and WY)
Flexible division of interest decks. (6 different types of revenue decks and 8 expense decks)
User modifiable check formats – use your own check stock.
The ability to print any report including owner operating statements before or after the revenue and expenses have been closed. Past data can be easily printed at any time.
Provides several investment reports such as depletion, section 29 credits, well payout as well as discounted-rate-of-return.
Additional integrated modules are available such as Land Management and Authorization for Expenditure.
The data integration with QuickBooks® provides the following time saving features:
Revenue distribution checks are posted to the QuickBooks check register with full details.
Joint interest billing statements post to QuickBooks as accounts receivable invoices.
Wells are defined as classes within QuickBooks. This allows several new possibilities for reports using QuickBooks reporting.
Company financials will now report on revenue distribution and joint interest billing.
Automatic synchronization between the QuickBooks list files and the owner, vendor, well, purchaser and expense code files in the Disbursement and JIB Manager.
Revenue entry in the Disbursement and JIB Manager will create check register deposit entries in QuickBooks.
Account lookups are based on the QuickBooks chart of accounts.
Bills added through the Disbursement Manager will create a corresponding bill in QuickBooks.
No longer do you have to enter data twice. Now you can enter your data once have it posted to both the revenue distribution and joint-interest billing system and QuickBooks as your accounting system.Back To Software and Services