Creating the adjusting entries

If adjusting entries need to be made, you can preview the "Cost Recovery Fee Worksheet" with the same criteria that you previously reviewed it for only this time you will also mark the option to "Create adjusting entries based on worksheet numbers." When you press "Preview," it will create the adjustments for each well then give you a confirmation window indicating that the adjustments were created. The report will then show up again.

The adjusting entries that are created will use a production period of 3, 6, 9, or 12, respective to the last period of the quarter that the adjustment was created for. The date will be 03/31/##, 06/30/##, 9/30/##, or 12/31/## respective to the last accounting date of the quarter that it was created for.