SUGGESTED START UP STEPS:

1. Chart & Company Options:
   1. Set up your Chart of Accounts for Revenue / Billing
   2. Fill out all the key company setup options.   
      Note: Using the Pak Accounting Quick Start gets you to this point.
2. Setup master files:
   3. Set up Vendors  (Table 20)
   4. Set up Properties  (From the Check Stub or Revenue Billing menu)
   5. Set up Owners (Table 101)
   6. Set up Division of Interest 
   7. Set up Purchasers in Check Stub
   8. Set up Division Orders  in Check Stub
   9. Set up Overhead Maintenance 
   10. Set up all current AFEs. If needed
   11. Set up Investor Interface, if needed
   12. Set up Severance Tax, if needed
3. Entering Data
   13. Enter Beginning Balances -- at a minimum, we suggest entering:
       1. Owner A/R beginning Balances (required if Joint Interest Billing and/or netting)
       2. Beginning Balance AFE prepayments (if needed – via CS Deposit entry). Step #10 must be done first.
       3. Open Item A/P – if you want to start paying bills. We suggest setting up a special account called “A/P-Beginning Balance.” For instance, if your A/P account is in 2010, set up an account in 2011. Assign no Sub-Table and use an account type of “L.” Print a list of Open Item Accounts payable by vendor & invoice number from your old system. Enter them in the system via the Accounts Payable – "Enter Invoices to Pay" menu option. Code all beginning balance A/P to the 2011 account.
       4. Operating Cash Balance – if you want to start tracking cash   
          Note on Beginning Balances: Eventually, you will need to enter all beginning balances into the system. The Accounts Payable control total from your old system's trial balance should be coded to the 2011 account. See the example in 13.3 above. If you put the beginning balances in partial segments, do not duplicate any already entered in step 13. Usually the Retained Earnings account is usually an excellent account for any offset when entering beginning balances in segments.
   14. Enter Invoices to Pay -  You can start AFTER #4 above. However, if you need to code charges to AFEs, you must also do step #10.
   15. Enter AR payments through Deposit Entries – You can start this after step #5
   16. Enter Deposit/Check Stub – you can start this after step #8. If you are entering AFE Prepayments, you must also do step #10.
4. You are now ready to run your cycle
   17. Extract Entries
   18. Distribute/Combine / List and Hold Transactions
   19. Pre-Check Reports
   20. Checks
   21. After Check Reports
   22. Update/Post cycle