How are you handling your monthly overhead
charges? Are you using SSI’s JB01 -Recurring
Charges Maintenance product for your billable
well overhead charges?
TheJB01 – Recurring Charges handles (among other
things) not only your recurring overhead per
well but also any owner level credits (aka
journal code 65entries) to the overhead rates
being billed. For example – if you’ve got an
agreement with some owner to not bill for
overhead or to discount the overhead– those
owner level credits can be included in your
recurring charges so you a)don’t have to
remember to book the credits every month and b)
auto make the owner level journal entries right
along with the other overhead charges. No manual
Get to the good stuff. Here’s a perfect example
of how SSI can save you time on COPAS overhead
rate increases/decreases. If you’re using the
JB01 – Recurring Charges for your overhead, did
you know those existing overhead charges can be
automatically increased or decreased by a
percentage or by dollar amount?
Here’s how. In JB01 – Recurring Charges, select
your Overhead Group and green check to continue.
On the entry screen select the Global Mass
Changes tab on the top menu ribbon, and Global
Dollar Changes By Group/Journal from the
Fixed Amount – assigns a new dollar amount
on all wells to the same overhead rate.
Replaces any current overhead charge dollar
amounts with the dollar amount entered here.
Add/Subtract (-) Amount – increase/decrease
all wells by the same amount. Enter a
straight dollar amount (debit) to increase
current overhead by a dollar amount. Enter a
negative dollar amount to decrease the
current overhead rate.
Multiply By Percentage – increase/decrease
current overhead by a percentage. To
increase the overhead by 2% enter 102.0. To
decrease the overhead by 2% enter 98.00.
FYI- the JB01 – Recurring Charge documentation
also contains good instructions for setting up
recurring charges as well as
And!! Also under the heading of “did you know”??
Recurring charges can be imported into SSI from
an Excel template. We already have a template
ready and waiting for you. Check under the Excel
tab on your main menu ribbon (top of your
screen) and Start-Up Import Templates. Look for
JB01I Template from our vast list of imports,
all designed to make your job EZier!