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EDI 819 Joint Interest Billing and Operating Expense Statement
What is an EDI 819 Joint Interest Billing and Operating Expense Statement?
EDI 819 transaction set is helpful in transmitting the details of the periodic expenses by the operator of a specific asset to the multiple owners of that specific asset (e.g., a property which has multiple owners).
The data contents and format of EDI 819 Joint Interest Billing and Operating Expense Statement are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 819 Joint Interest Billing and Operating Expense Statement
EDI 819 falls under the category of X12F Finance transaction sethis transaction set transmits the details of periodic expenses which is sent by the operator of that asset to the multiple owners of that specific asset.
Stay EDI Compliant with EDIConnect
EDIConnect is an enterprise-grade EDI solution that simplifies the process of sending and receiving EDI messages. It is designed to handle X12 and EDIFACT transaction sets through its built-in parser, validator, and transaction builder. It also offers features to help businesses comply with EDI requirements and communicate seamlessly with their trading partners.
