Division of interest and the “==” feature
Table of Contents
Division of interest and the "==" feature
Objective:
This feature's objective is to provide for a revenue distribution to another Division of Interest within the same distribution cycle. It is typically used for distributions to partnership members.
Setup:
NOTE: There are no special requirements for setting up the Check Stub Division Orders, Accounts Payable invoices, or General Ledger Manual and Standard Entries.
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Property Master: adding a new property: the Property code should begin with == (two equal signs) and the property code.
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Owner Master: When adding an owner, the Sub-Account code should match the == property that was just created in the property master; == and property code.
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Division of Interest Maintenance: Set up the distribution Division of Interest (DOI) just like a normal DOI. Include the == owner in the DOI.
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Important: There must be a Working interest owner (W) on the == DOI if the == owner on the from DOI is a Working interest owner.
- Setting up == DOI: The DOI property name should be the == property. The Deck field must be left blank. The owners are added and set up as the normal DOI setup requires.
- Setting up == DOI: The DOI property name should be the == property. The Deck field must be left blank. The owners are added and set up as the normal DOI setup requires.