Purchaser Property Master - REV100A

This program allows you to set up and maintain purchaser name, address, and property detail information. This program also updates the Purchaser Property Master file with information you use when entering and calculating gross sales. A Purchaser Property Master item must be set up for each property that has gross sales.

All gross sales that you enter into the system are controlled by the purchaser information. If multiple companies are processing revenue, you must establish the purchaser information for each company.

Enter the purchaser's property reference which displays on the purchaser's check stub or other source document. This corresponds with the appropriate well number as set up in the Well Master. This allows flexibility in the gross sales data entry program so that you can enter the purchaser's property reference, well number, or well name.

Next, enter the product. If multiple products are received from this purchaser for this property reference, the program loops and prompts for each product.

Several other parameters are required in the Purchaser Property Master setup such as remit components, remittance percentages, reimbursement percentages, or validation codes. You should carefully construct and review this file with your P2 Excalibur Systems Consultant to achieve the reporting and processing results that you want.

Validation Code Table