How True Gross is Calculated

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True Gross Example

Transactions for a single well:

PA File	Line Items

PA File	Line Items
Booking Code	Amount	Account	Vendor	Source Vendor	Account	LI_AMT	LI_VOL	GROSS_UP_AMT	GROSS_UP_VOL
B	300.00	N600.100	000001	TCPL	600.100	-700.00	-7.0	100.00	1.0
B	400.00	N600.100	100501	TCPL
K	100.00	N600.100	100503	100503
					600.CLR	700.00	-7.0
					N600.100	-300.00	-3.0
									.
	700.00	1200100	TCPL		1200100	700.00
	100.00	9999999	999999
					1200998	-400.00

Accountable Gross = LI_AMT only Accountable Gross Amount = $700.00 Accountable Gross Volume = 7.0

This represents the total of the entries with “B” (Billable) booking codes. It will include the Owner’s net share and amounts distributed to insiders or external partners on joint interest billings

True Gross = LI_AMT + GROSS_UP_AMT True Gross Amount = $800.00 True Gross Volume = 8.0

This represents the total amount or volume for the cost centre and account. The GROSS_UP_AMT represents the total entries with K (Take-in-Kind) booking codes.

If an entry with a K booking code has the same source cost centre and account as an entry with a B booking code, the amount and volume for the transaction is populated into the gross_up_amt and gross_up_vol fields for the line item for the gross account.
If there are no entries with B booking codes for the cost centre and account, a line item will be created with a zero li_amt and li_vol and the gross_up_amt and gross_up_vol will be populated with the total of the entries with K booking codes.