The Check Stub and Revenue/Billing modules share a common Property Master. A property is just like a regular Sub-Account. It just has more tabs that are specific to the property information. The property code is up to a ten-digit alphanumeric code. A little time and thought should be put into assigning your property codes (a.k.a. Sub-Accounts). The example used here demonstrates several different coding techniques. However, it is recommended that one consistent coding methodology be defined and used consistently for all your property codes.

The recommended setup for Check Stub is to set up the Property Code, Property Name, State, and County fields. All other information entered is for you if you need it.

Property, lease, and well can be used interchangeably within Pak Accounting. You may say, “Well, I have several wells on a lease; how should I enter them into the system?” The answer will be, “What is the lowest that you want to report these?” If you want to enter at the lease level, no matter how many wells, then create a Sub-Account at that level. If you need to report at each well, create Sub-Accounts at that level.

Financial Groups can always be created to group wells to report at the lease level. But if items are entered at a lease level, they cannot be broken out by well.

Check stub users will find the Purchaser tab option handy for cross-referencing any Purchaser paying on this property. Double-clicking on the Purchaser will send the user to the Division Order screen. It can also be useful for users who do not use the Revenue/Billing module to correct property names.

For a description of tabs, see Revenue/Billing > Property Maintenance.