EDI Viewer - Lessor Owners Maintainance

The Lessor WI Owners Maintainance window is used to enter and edit lessees who could be invoiced for the Lessor portion of the tax.

 

To add a lessee, you can do any one of the following: Right-click your mouse to get a popup menu and choose add or insert. Press the shortcut keys, CRTL and A (add). Click the edit menu at the top of the screen and then choose add or insert. To delete a lessee, click on the row and do any one of the following: Right-click your mouse to get a popup menu and choose delete. Press the shortcut keys, CRTL and D. Click the edit menu at the top of the screen and then choose delete. To create a new effective date, click on the row and do the following: Right-click your mouse to get a popup menu and choose New Effective Date. Key in the new effective date. All dates must be in the current tax year. To see the lessees for all dates, right-click the mouse and choose Show All Dates. To see only the most current lessees, right-click the mouse and choose Show only Current Effective Date Net Tax Calculation: The net tax will be calculated when you click the Save toolbar button or choose Save under the File menu. The net tax calculation is calculated as follows: The Oil Tax dollars * the Lessor Oil %, so $145.09 * 50% = $72.55 The Gas Tax dollars * the Lessor Gas %, so $33.48 * 50% = $16.74 The $16.74 + $72.55 = 89.28 is the total Lessor dollars The $89.28 is then multiplied by the percent to pay, $89.28 * 100% = $89.28 The $89.28 is then multiplied by the lessee working interest and the number of months divided by 12 $89.28 * 75% * 12/12 = $66.95 In this case we have 12 months but if we had 6 months the net would be $33.48 The Rebill check box is should be checked if you want to produce a Rebill Invoice for this lessee. A Rebill Invoice is usually a second invoice to a lessee where there have been changes from the first invoice. The Rebill Invoice will show the entities that have been changed with 3 lines on the invoice, the original from the previous invoice, a reversal, and the new charge. The Billable check box should be checked if you want this detail printed on the lessees invoice and unchecked if you do not.