Print Form SV3 & SV3A

You can print/preview the SV3 and SV3A reports and create any adjustments that are needed to reach the minimum charge with this window. It is located under the reports menu by choosing State Compliance Reports, Ohio Reports, then "Print Form SV3 & SV3A."

Well Product Tax Table:
Select the Tax table that has the Cost Recovery Fees on it.

Severance Tax is set up as:
Choose the tax calculation that is used on the tax table to calculate the severance taxes.

Cost Recovery Fee is set up as:
Choose the tax calculation that is used on the tax table to calculate the Cost Recovery
Fee.

Quarter:
Choose the quarter that the report should be previewed for.

Use Production Period as Selection Criteria…:
By default the software will base the report on the accounting date (date used on the run that
processed the entries). If you want to use the production period on the entries instead of the accounting date, then you will need to mark this option.

Year:
The year that the report should be built for.

First Well:
The first well in the range of wells to be included on the report.

Last Well:
The last well in the range of wells to be included on the report.

What To Print:
Choose the form that you would like to print. Three different forms are available to be printed/previewed from this screen.

Cost Recovery Fee Worksheet:
Shows what has been calculated for both severance taxes and for the Cost Recovery Fee. It then shows what the minimum should have been, and whether those combined calculations met the minimum. If it didn't meet the
minimum it will show the amount that needs to be charged to each well so that the minimum amount will be reached. If
the severance tax and cost recovery fees collected are over the minimum amount, then it says that no adjustment is needed.

When this report is selected, it enables the "Create adjusting entries based on worksheet numbers" option at the bottom of this window to actually create the adjustments.

Cost Recovery Schedule (SV3A):
This shows the amount of severance tax calculated, the amount of cost recovery fee calculated based on the production, and then reports a number that will be included on the SV3 report.

Severance Tax Return (SV 3):
Shows the amount of severance taxes due, with one?line for the cost recovery fee total from the SV3A report. When this is run, there's an option about not including the total at the bottom, in case any of our clients have other minerals that need reported.

Create adjusting entries based on worksheet numbers:
This option will only be visible if the "Cost Recovery Fee Worksheet" is selected under the "What to Report" section of this window. If this option is marked, it will create entries on the new run to adjust the amount of the Cost Recovery Fee based on the needed adjustment that is showing on the report. You should preview the worksheet first to see the amount that will be created, and then mark the option and run the report again if you need to create the adjusting entries.

Account #:
This option will only be visible if either "Cost Recovery Schedule (SV3A)" or "Severance Tax Return (SV 3)" is selected
under the "What to Report" section of this window. This is the account number that should be used for your company on the report.

Don't print total on SV 3 form:
This option will only be visible if the "Cost Recovery Schedule (SV3A)" option is selected under the "What to Report"
section of this window. If this option is marked it will not print the total on the SV 3 form.

Base adjustments only on wells that didn't meet the required minimum":
This option will only charge the adjustments that are made to the wells that are individually below the minimum. This will prevent the investors in a productive well from being penalized for other wells that you operate that are not as productive and are under the minimum.