Royalty Check Audit (RC Audit) allows the client to enter their royalty checks from the oil and gas industry. Clients can enter and track their income based on a single or a particular group of wells which produce from their mineral rights. The online form is easy to use and looks just like an actual check stub you would receive with your royalty check. From the data that is entered numerous reports can be generated with a click of a button to help you monitor your income. MEDS also offers the data entry service for those who don’t have the time to enter the check stubs themselves.
RC Audit is not just another program to enter financials. One great advantage of RC Audit is that the financials can be linked to the physical assets. This is important because mineral rights can be held by production. Our software helps you track mineral rights that are current, about to expire, and expired. Below are a list of reports that are available through RC Audit.
Expired Leases
Soon to Expire Leases
Lease Information
Income per Mineral Tract
Checkstub Income by Date
Checkstub Income by Purchaser
Acres per State/County
All Tracts
Minerals without Lease
Held by Production
Operator Contacts
Purchaser Contacts