Adding WolfePak's Joint Interest Billing and Revenue Distribution modules to its powerful financial system creates a complete, fully integrated accounting system for the oil and gas operator. At the touchk of a button, you can print JIB statements, disburse revenue, and/or produce net checks for selected owners. Financial statements can be produced in summary form for the bank and in detail form for the manager. Trend reports for each lease can be produced showing a month-by-month summary of the income and expenses for each lease (up to 24 months on one report).

Like all other WolfePak modules, both the JIB & Revenue Distribution modules interface with each Revenue and/or JIB update as well as the general ledger. Entries can be automatically created for the personal books of any investor. Bill only the leases and/or items that you are ready to bill. Recurring expenses, such as overhead or pumper, are automatically handled.

WolfePak is known for flexibility, and it is seen in the numerous functions it provides to the user.

• Define Division of Interest for each property using multiple checks and/or date-sensitive ownership changes.
   

• Print the owner's copies of the detail of charges in the owner
   
• Year-to-Date billing summaries for each investor, broken down y lease and expense type (LOE, IDC, Equipment, etc.)
   
• Produce AFE/Budget variance reports
   
• Automatic distribution of operator's share of expenses to the proper general ledger accounts
   
• Subtotals charge details by user defined cost categories and sub-categories
   
• Copy the Division of Interest from one lease to another
   
• JIB charges can be summarized on the Receivables statement by lease, or by lease and expense type (LOE, IDC, Equipment, etc.)
   
• Print combined JIB & Revenue statements