Enter an optional description of the reason for the payment.
The ARO liability will be reduced by the amount of payment on the date specified. The ARC asset is unaffected (unless you enter a write-down). If you have multiple layers for the ARO, the payment is applied first to the oldest layer.
Note that a change to an ARO payment always replaces what was previously recorded; there is not a “revision” option to adjust a payment. Be sure to always use a payment date in the current (or a future) fiscal period to avoid inconsistent balances with prior reports.