How does BOLO handle rebooks?
Revenue rebooks are handled automatically in BOLO. Rebooks prompted from ownership changes are easy to do. BOLO identifies transactions that need to be rebooked from retro-active ownership changes – allowing the customer to select the identified transactions and automatically create the reversal and rebook. Better still, the rebooked transactions only show on the affected owners check detail – eliminating royalty owners calls which questions rebooks that net to zero. Rebooks caused by purchaser restatements are automated as well. Processes allow customers to identify transactions that are affected by the change, and BOLO will create a reversal of the original entry. Customers may choose to have BOLO automatically create the ‘rebook’ entry as well.
