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Reverse a Purchaser’s Paid Revenue Check
August 31, 2025
Face it. Reversing incorrect revenue distributions can get ugly. Your SSI Oil and Gas Accounting Software can help.
RP20R – Reverse Paid Receipts solves the problem. Designed to make YOUR job EZier, a little review.
The beautiful thing about RP20R – Reverse Distributed Paid Receipts is that it checks the owner distribution in play AT THE TIME, regardless of what has since occurred on the DOI, and makes an exact reversing transaction for each owner.
Cool huh??! SSI uses the RP20P – Purchaser Receipts History criteria as the baseline, then refers to RP26P – Owner Paid History, and what’s in RP06P – Owner Well Transactions to be paid for each owner in the well that fits the criteria to reverse.
English please?? Let’s say revenue has been distributed for the past year, using the DOI in play at the time of each distribution, then find out the whole distribution for the past year was wrong, and OH! The DOI has changed numerous times throughout the year. Some of the revenue has long since been paid (probably incorrectly) to owners, some is in minimum suspense, some in legal suspense. That’s why we include the RP26P and the RP06P in our search criteria, so that we get all the pieces.
Don’t scoff…it happens ALL.THE.TIME. Rather than researching and setting up a bunch of correction adjustment DOIs to reverse the revenue the way it was paid at the time (way too tedious!), the RP20R does the dirt work. The Revenue Distribution history is all out there, so why not use it?
RP20R – Reverse Paid Receipts is the go‐to for this scenario and works great. Especially with the filters we’ve built into the program for beginning/ending well number, production month, purchaser check number, RP05 posting date and audit number. All of which assist in getting multiple historical revenue distribution line items reversed in a single pass. Time‐Saver to infinity and beyond!
The SSI Oil and Gas Accounting Software has included a few built‐in “stops” – just to save you from yourself. You can’t open‐end the beginning and ending well and a beginning and ending post date is required to help prevent accidentally reversing revenue on all wells forever and ever Amen! YIKES!
And (of course!) there’s a trial report to review the results BEFORE the buy‐off.
Don’t be scared!! USE it!! It can save countless hours of time researching revenue paid history and correctly reversing the originally paid revenue. Need some hand holding? We’re here and we’re good at holding hands. We can help. Make a HelpDesk request and we can walk you through the process, a process that will truly make YOUR job EZier!
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