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My Quorum Accounting’s Division Order Solution for Essential Reporting Needs

Revolutionize Property Ownership Management

Over $500 Million of owner checks are issued monthly through My Quorum Accounting, demonstrating Quorum’s commitment to providing reliable and efficient solutions for property ownership management.

Overcome the most complex challenges experienced by US producers using My Quorum Accounting, a fully integrated enterprise software designed to optimize your operations. Built on two decades of refined business logic and system controls, My Quorum Accounting’s Division Order module allows you to efficiently manage revenue and billing decks, define royalty burdens, and handle special owner distribution scenarios.

Watch this webinar to identify common division order reporting issues and learn how My Quorum Accounting’s Division Order module can enhance your reporting essentials. This guide offers a detailed walkthrough of owner relation queries, DOI history searches, data imports, audit reports, and suspense aging reports.

Enhance Your Division Order Process

Experience the benefits of My Quorum Accounting's Division Order module:

  • Simplify DOI Maintenance: Automate transfers, pay code changes, and more. Easily generate DOI exhibits and other documents while ensuring SOX compliance with an established DOI workflow.
  • Access Complete Owner-Level History: Maintain a consistent header record for tracking, isolate and identify owner-level changes, and preserve audit traceability for accurate records.
  • Easily Import and Copy DOIs: Enter, copy and paste, or upload DOI data. Create new DOIs from existing ones and efficiently load thousands of DOIs or spreadsheets with the Acquisitions module.
  • Integrate Accounting Systems Seamlessly: Use Division Order as a unified source for Cost, Financial, and Revenue Accounting. Boost operational efficiency, simplify compliance, and enhance accuracy.

Key Highlights:

  • Interest Setup: Enhance data accuracy and integrity with flexible interest configuration options.
  • Comprehensive Ownership Maintenance: Effortlessly manage interest and ownership changes through the division of interest lifecycle maintenance.
  • Automated Notifications: Stay ahead with automatic alerts for proactive management of interest and ownership adjustments.
  • Document Automation: Simplify document creation for division orders, transfers, and owner letters.
  • Enhanced Query and Reporting: Gain better data visibility with quick, ad-hoc queries, comprehensive analysis, and detailed reporting.
  • Efficient Close Cycle Management: Ensure precise record-keeping with user-friendly bank reconciliations and close cycle processes.
  • Tax Compliance Made Easy: Streamline IRS filings and manage state and federal withholdings efficiently.
  • Cloud Accessibility: Manage and access your ownership information online from any device, anywhere.