Posting Revenue/Expenses for the Owner that represents your company

If you have an owner record setup on the owner information window that represents your company, or any entity that you will be entering the revenue/expenses into the same QB company that SherWare is interfacing with then you can set that owner up to post directly to QB. This will then post all of the owner's activity directly to an income/expense account in QB instead of creating a check or a bill. This saves you time as you will then not have to print a check then manually enter it in QB.

Setup Posted Owner:
To setup an owner to post you can mark the option to "Post this owner to QB income and expense accounts" on the options tab of the owner information window.

Setup Expense Accounts:
Every expense code that will be allocated to the owner must have an expense account associated with it so that SherWare will know what QB account to post the posted owners share of the expense to. This account will be specified in SherWare on the Expense Codes window in the "Post Operator's Share of This Expense To QB Account" field. These expenses will not post until the run is closed and posted to QuickBooks. If an account is not specified then the expense will post to the account specified as your "Catch All Account" in the SherWare Preferences under the "QuickBooks Posting" tab.

Setup Income Account for Working Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what QB account to post the posted owners share of the revenue to. This account will be specified in SherWare on the Revenue Categories window in the "Working Revenue" field. The revenue will not post until the run is closed and posted to QuickBooks. If an account is not specified then the revenue will post to the account specified as your "Catch All Account" in the SherWare Preferences under the "QuickBooks Posting" tab.

Setup Income Account for Royalty Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what QB account to post the posted owners share of the revenue to. This account will be specified in SherWare on the Revenue Categories window in the "Royalty Revenue" field. The revenue will not post until the run is closed and posted to QuickBooks. If an account is not specified then the revenue will post to the account specified as your "Catch All Account" in the SherWare Preferences under the "QuickBooks Posting" tab.

Setup Income Account for Override Interests:
Every revenue category (revenue and tax) that will be allocated to the posted owner must have an income account associated with it so that SherWare will know what QB account to post the posted owners share of the revenue to. This account will be specified in SherWare on the Revenue Categories window in the "Override Revenue" field. The revenue will not post until the run is closed and posted to QuickBooks. If an account is not specified then the revenue will post to the account specified as your "Catch All Account" in the SherWare Preferences under the "QuickBooks Posting" tab.

Posting:
Amounts that process on a revenue run will post when the revenue run is posted. Amounts that process on a JIB run will post when the JIB run is closed.

Unspecified Accounts:
If an account is not specified then the detail will post to the account specified as your "Catch All Account" in the SherWare Preferences under the "QuickBooks Posting" tab.