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Revenue/Billing Partnership Reporting helps make K-1 Reports much easier to prepare. WolfePak will not produce the K-1s, but gives you all of the information necessary to prepare them. The user has the option to select Effective date or Paid/Bill Date when extracting the Revenue/Billing history to create entries to the general ledger for Distributions & Income/Loss detail for the Partnership Statements. The Partnership Statement will produce a cash flow detail in addition to the partnership contribution, distribution and income/loss section.