EDI Viewer - Freehold Mineral Tax Annual Process
This is the typical annual process for using the Freehold Mineral Tax module:
Setting Up New Tax Year:
Apply any EDI Viewer version updates / scripts
Use to Rollforward Tax Data window to roll the previous year's data into the next year
If applicable, use the Change Title Codes screen to update any Titles that may have changed
Import the .XML files
Setup / Edit Owner information in the Owners window
Setup new / Edit existing Titles in the Title Maintenence window
Setup the new tax year in the Invoice Number Maintenence window
Use the Entity Maintenence window to update Entity data:
Use the Entity not on Invoice report to remove Entities that were rolled forward but not needed in the tax year
The Entity Lessee Count report is useful to verify all Entities are set up
Create Invoices
Setup / Update Cost Centers
Use the GL Upload to create a GL Upload file for your expensed entries and/or Accounts Receevable entries for invoice's you've created.
