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.