Jrnl#/SubTbl Tab
Written by Brandy Burch
Updated at April 1st, 2025
Set up default journal numbers here. It’s important to note that failing to set up these journals will result in those corresponding options not being turned on.
- In the Journal Numbers used by the System section, make sure each of these is unique.
- In the Property Sub-Table(s) section, these are typically the same.
| Billing Cycle A/R charges and Billing Offset | This is the journal number to be used by the Billing system when it creates A/R charges and the related billing offset. A newly created company already fills this in as journal 50. |
|---|---|
| Billing Cycle – Record Overhead | Journal to record automatic overhead entries created during the Rev/Bill cycle. |
| Revenue cycle – Rev Distribution entries | Journal to record the revenue disbursement entries created when the Rev/Bill cycle is updated. |
| Rev Correction and Bill Correction Utilities | Journal used in correction utilities for Revenue and Billing. |
| Journal when applying Prepaid to A/R | Journal to record application of prepayment amounts against billings. |
| Owner Netting/Deduct | Set default for Owners Master Deduct switch: Options - W=Net Working Interest; Y=Net everything; N=No netting; and O=Net Working and Override. |
| Owner Stmt - Start Each Property on New Page |
Yes - if you want each owners settlement statement to start each property on a new page. Option can be turned off on an owner by owner basis in Owner Maintenance. No – does not put a page break after each new property. |
| Property Sub-Tables for Rev/Bill & Company Share | The Sub-Table in which your properties (leases) are tracked in the general ledger. Normally both Sub-Tables are the same unless you record your ownership share in a different Sub-Table than the Sub-Table recording the 100% dollars (rare). |
| Owner Address Sub-Tables | Define the three Sub-Table numbers that correspond to the Owner’s three addresses. A different number should be specified for each Sub-Table. |