Fields - REV222A

An entry is required for fields shown in red.

Field	definition

Field	definition
Purchaser	Enter the purchaser reference.
Property	Enter the purchaser's property number.
Product	Enter the product for this accrual. You must set up this product for this property in the Accrual Control (REV108A) program.
Sale Date	Enter the sale date. Click Find to display all accrued sale dates for this property. This sale date for new accruals must be between the effective and expiration dates that you entered in REV108 for this purchaser/property/product. If an expiration date exists in Purchaser Property (REV100A) for this property, and it is earlier than the sale date, then the system displays a warning and allows you to proceed. The system validates the sale date against the corresponding well's termination date, and displays an error message if the dates conflict. Refer to the Well Master Data Entry (LLR100) program for a detailed explanation of the well termination date. If you post an actual gross sales to the sale date you entered and the system created no accrual, it displays the message: ACTUAL SALES POSTED TO THIS SALE DATE, CREATE ACCRUAL (Y/N) Enter 'Y' to create an accrual, which the system only requires when the accrual posted in error. The system displays the second letter source for this accrual. Refer to the Accrual Control (REV108A) program for the source codes. The first letter is for volume source (P/R/M/F) and the second letter is for value method (P/R/M/T). 'M' indicates this is a manual accrual. The system displays "Distributed", "Accrual Posted", or "Accrual Reversed" under the source code if this accrual is in any one of these status conditions.
Div Order	The system automatically assigns a division order number to the accrual from the DOIs on this property. The Revenue Processing Procedures describes this selection process. If the automatic selection process does not find a DOI for this accrual, then enter a DOI. Click Find to display all DOIs for this property. When you select a DOI, the system displays the effective date, description, and your share interest. The system displays your share interest for the default component (%) on the division order. The system does not use this interest to calculate 8/8ths from our share or vice versa when specific components have a different our share interest. You can change the Division Order through the Modifications prompt after you enter the accrual information.
Quantity	Enter the quantity for this accrual. The component code you set up on the Check Stub Master item assigned to this purchaser, property, and product (refer to Check Stub Master (REV148A) determines the type of quantity you enter (BBLS or MCF).
Special Quantity	Enter the MMBTU for this accrual. For new accruals, this prompt only appears when you enter component 4 (MMBTU) on the Check Stub Master item assigned to this purchaser, property, and product.
Price	This prompt appears when you enter new accruals if the purchaser/property/product on the Accrual Control Master for value method is an 'M' for manual pricing. This prompt appears after quantity and before gross. You need not enter it in the check stub item. When you enter a price for a value method of 'M', REV recalculates and displays the gross and net. If no unit price is entered and the quantity (MCF or MMBTU) does not equal zero, then the price is automatically calculated. (Price = Gross value/Quantity)
Gross	Enter the gross value for this accrual. If gross is unknown, enter <RETURN> here to have the program calculate and display the gross by adding taxes, expenses, or both to the net amount. The system does not properly calculate gross if you enter any components below that calculate from a gross amount. If the accruals transaction is a tax or expense correction, you can enter a gross value of zero.
Component	The program displays the component code and description for the component specified on the Check Stub Master item. You can add components manually by entering the ID.
Net Amount	If you enter the gross amount, the system skips this prompt. If you did not enter gross amount, enter the net amount to calculate and display the gross amount. You must enter either gross or net amount to calculate and display the other amount.