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Rent Dist

Rent Dist

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If your company is currently using a rental interface, it is not necessary to populate the fields in the Rental Interface window manually, as the system will do so for you automatically when you run the Rental Distribution step in the rental process. On the other hand, if your company is NOT currently using a rental interface and you wish to keep rental distribution records, you must populate the fields in the Rental Distribution window manually.



Mineral Rent Dist

 

Surface Rent Dist

Note: If a sub record for a lease is deleted, all of the rental distribution records related to that sub are similarly deleted.



Field Name

Definition

Field Name

Definition

File Sub

If you want to maintain a distribution record for a specific sub rather than for the lease as a whole, enter the number for that Mineral Lease sub in the File Sub field.

GI Acct Number

Enter the GL Account number.

Cost Center



Dist Amount

Enter the distribution amount.

Percent

The system automatically calculates the distribution percent based on the information provided in the other fields.

Override Flag

If you use a rental interface and want to be able to overwrite the information in the distribution fields, click on the ‘Yes’ radio button.

Note: Selecting the Yes radio button also prevents the system from automatically updating the information in the distribution fields when you run the Rental Distribution step during the rental process. 

Sub Rental



Total Rental



Sub Totals



Total

 


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