Joint Interest Billing Processing

The primary function of OGsys Joint Interest Billing (JIB) Processing is to print the JIB invoices. This program is also used to enter and post owner advance billing invoices, print a billing pre-list, change the billing status of owner or well items, and close the JIB month. The efficiencies of using this program come from the use of design features not found in other competing applications. The processing function for billing invoices can be done more than once a month thus improving cash flow. Also, many operations need to generate and track advance billings and prepayments; this program does. Another time saving process is the automation of recurring charges (i.e., overhead) by creating and processing standard journal entries on a timetable.