Is Oil & Gas Accounting right for your business?

Oil & Gas Accounting is a great fit for many businesses. Find out if it's the right choice for you! Are you looking for a Oil & Gas Accounting demo, technical support, product or pricing information or to simply to compare Oil & Gas Accounting with competitive options? Quickly get answers and the information you need.

Adding WolfePak’s Joint Interest Billing and Revenue Disbursement modules to its powerful financial system creates a complete, fully integrated accounting system for the oil and gas operator. At the touch of a button, print Joint Interest Billing statements, disburse revenue, or produce “net” checks for selected owners. The system includes the ability to automatically pay invoices based on due date, and generate past-due notices to investors who have failed to send in their payments. Financial reporting capabilities include complete summary and detail reports, as well as detailed trend reports by lease. Other features include:

  • General Ledger entries can be automatically created for the personal books of any owner
  • Offers unlimited number of owners per lease
  • Can disburse oil, gas, condensate and plant products for the same lease
  • Checks can also be used for Accounts Payable
  • Check Stub contains both 100% and owner’s amounts
  • Can uniformly hold all payments to an owner
  • Interests can be placed in legal suspense with up to 98 different reason codes
  • Reports include: Detail Check Register, Distribution by Lease, Petty and Legal Suspense Lists
  • Copy a division of interest from one lease to another
  • Maintain from one to three different addresses for each owner:
    • Where checks are sent
    • Where the year-end tax information is sent
    • Where the Joint Interest Billing is sent
  • Deducts any amounts owed by the owner and produces a net check (owner-by-owner option)
  • An owner’s check stub detail can be printed for any date range
  • An owner may have multiple interest types
  • Print checks using a standard check format or customize it to your check stock
  • Print check stub overflow by voiding the next check or printing separate attachments on stock paper
  • Define one of four petty suspense limits on an owner-by-owner basis
  • Print year-to-date check stub totals broken down by both working and royalty interests
  • Petty suspense can be flushed at any time
  • Print labels for all owners, or for all the owners in a specific lease
  • Voided check detail can automatically be entered to suspense
  • Handles distributions:
    • Less than 100% leases
    • To entities which are not taxed
  • Redistribute an owner’s suspense entries to another owner(s)
  • Division of interest can be listed by lease or by owner

Other Applications

The following applications are designed to work hand-in-hand with Revenue Distribution:

"Revenue Distribution" is part of the Oil & Gas Accounting line of products, developed by WolfePak Software.

Related Products

The following software product lines are also offered by WolfePak Software: