Transfer Unpaid Revenue to New Owner(s) when Making
Transfer Unpaid Revenue to New Owner(s) when
July 15, 2022
When making DOI assignments, SSI has the option to
also transfer any unpaid revenue, based on the same
parameters as the assignment.
Have it your way. You know that SSI has a plethora
of options to allow you to customize your SSI
To transfer or not to transfer ‐ that is the
question. Under the heading of…did you know? This
has been around for a while but worth honorable
mention. SSI has an option in WM02 ‐ Company
Maintenance|Revenue ‐ Post Assignments to
Unpaid Revenue Y/N (middle right side of screen) to
transfer revenue to another owner when assignments
When an assignment is made from one owner to
another/others ‐ is there any revenue in
RP06, like maybe sitting in suspense or waiting to
be paid, that needs to be transferred to the new
SSI has a plan for that.
Most assignments/transfers of ownership are based on
an effective date for the ownership change ‐
like a sale. The question is ‐ when the
assignment is made, do you want SSI to auto-transfer
to the new owners any pending revenue that falls
equal to or since that assignment effective date?
Revenue Payables transactions for production months
equal to or after the sale should generally be paid
to the new ownership.
This SSI option takes care of transferring the
pending revenue that needs to go to the new owners.
All so that you don't have to remember to do
something in 2 places.
Now, there are those who prefer the revenue
department be in charge of their own destiny. And
that's ok. As long as the division orders department
makes the assignment and tells the revenue
department what and when to transfer the revenue,
all is well. But! If you want to cut that step out
of the mix, or don't want to take a chance on
forgetting the revenue part, set your revenue to
auto-transfer when the assignment is made.
It is go-forward. If you elect to implement and flip
the flag today, then make an assignment tomorrow
‐ any applicable revenue entries in RP06 will
follow the assignment protocol, and will assign
revenue transactions to the new owner(s) based on
the effective date of the assignment.
WM03 ‐ Assignments - Dead guy option? Works
for that too. In that instance, ALL revenue in RP06
will transfer to the new ownership.
Oh! And here's something else really cool!
What about the unique scenario where you do not want
the revenue to transfer? We have a plan for that as
well. In WM03 ‐ Assignments - when you're
making your assignment, there's a box waaaay down in
the lower left corner of the dialog screen ‐
Do Not Assign Revenue Payables. Guess what that's
for? Yep…the exception to the rule.
The default is unselected ‐ so click it only
for the exceptions to the Transfer Revenue rule.
Wow! Talk about having it your way? SSI Oil and Gas
Accounting Software has everything you need to make
your job easier, faster and without boo-boos.