Switch Production Period in a Closed Run

This utility allows you to change the production period associated with Revenue/Tax and/or Expense entries if a period was entered incorrectly. The utility will transfer all entries for the period. If multiple entries were made for a specific period you will not be able to just switch a select few of them.

For example: If you accidentally typed a period of 01/2001 instead of the current year, you can use this utility to fix the period after the fact.

WARNING - Before Using this Utility!

This utility is not the best way to correct an incorrect production period that has processed on a run closing. We recommend making correcting entries if at all possible. Correcting entries allow your investors to see the correction so they can also update their records. You can view the "Corrections" topic to see how correcting entries can be used to fix the situation. Using this utility will not leave an audit trail while making correcting entries will leave an audit trail.

If you do not need to report the corrected production period to your owners, then you can use this utility and it will correct the past production without leaving an audit trail.

If you have not printed checks or mailed anything out to the investors yet for the run that the issue is on, then you can simply open the run, correct the mistake, then close it again.

Summary:
All revenue/taxes or Expense (step 4) entries processed on the run specified in Step 1 with the period in Step 2 will be replaced with the period in Step 5. This will either be done for one well or all wells as specified in Step 5.

Step 1 - Select the revenue run when the incorrect entry was made:
Select the revenue run that processed the Revenue/Tax and/or Expense entries that had the wrong production period.

If an expense that was partially processed on a JIB run closing is being switched then you will need to complete this process twice. Once for the revenue run and again for the JIB run.

Step 2 - Select the INCORRECT production year/period used:
Fill in the year and period that was incorrectly entered.

Step 3 - Was the incorrect entry made for revenue or expenses?
Choose the option for the type of entry that was made with the incorrect period. You can choose one or both.

Step 4 - Select the CORRECT production year/period to use:
Fill in the year and period that will replace the original year/period that was entered for the entries that will be switched.

If the period you choose here already has history associated with it then the history being switched to this period will be MERGED with the existing data.

Step 5 - Should this change be made to all wells or just one well?
Choose if you only want to switch the period for designated entries in a specific well or in all wells. If you mark Just one well then another field will appear where you will need to specify the desired well.

Process
Once the above fields are filled out press this button to start the switch.

Once the desired criteria is specified, press the process button to complete the update. THIS CHANGE IS IRREVERSABLE. It is a good idea to have a good backup created just in case you change your mind afterwards, or the process does not create the desired outcome.