Revenue Processing

OGsys Revenue processing allows the user to record purchaser checks, inquire about the status of an owner's revenue, and print Revenue Summary Statements and Revenue Checks. When OGsys posts purchaser checks to the revenue ledger, it also posts all entries to the general ledger, check prelists, and sub ledgers and subsidiary company ledgers.

The benefit of using OGsys Revenue processing comes from its ability to customize purchaser check input screens, manage reporting such as the missing purchaser check report, print revenue detail on check stub or issue separate statements, automate payout statements by well or owner, and allow the netting of revenue to billings.  Significant time can be saved if certain functions in revenue processing are automated. The most important of these functions are customizing the input function, tracking missing check payment receipts and netting billings against revenues. OGsys supports electronic revenue upload that eliminates manual entry.