In the oil and gas industry, companies must often contend with growing demands and limited resources. The challenge comes when existing constraints such as limited personnel and outdated operating systems begin to negatively impact efficiency and accuracy. PetroLedger Financial Services provides comprehensive transactional outsourcing to help energy companies get more value out of their back office.
Supported by over 100 bookkeepers, degreed accountants, and CPAs from a broad spectrum of the energy sector, PetroLedger provides a fully customized, scalable suite of accounting services for the upstream and midstream, customized to each client.
With PetroLedger, you get a team of accounting veterans who understand your business and goals. You can have peace of mind knowing that your internal controls are streamlined and efficient. Your outsourced business services team will optimize your setup and get your books and processes running smoothly.
Whether it's a family interest or you're running mineral interest for several hundred partnerships, our support services can scale to meet your investment strategies and emerging growth. Our oil and gas experts know how to read and interpret each lease agreement, audit historical revenue deposits, taxes and ownership obligations to make sure you're being accurately compensated down to the penny.
PetroLedger Financial Services offers comprehensive oil and gas accounting solutions to natural gas processing plants and pipelines. From allocations and settlements to gross margin analysis, we can assist you in simplifying and optimizing your accounting processes.
Each gas plant, while having some similarities, has its own unique characteristics. Understanding the complex measurements, contracts, allocations and valuations requires the right people and the right systems. In this white paper, you can learn how to drive long-term success with an outsourced accounting solution.
The journey from old to new oil and gas software can be an arduous one. On top of the complications that can arise during the data conversion process, many companies come to realize post-conversion that their new software may not be as good of a fit as they believed. But data conversions are costly, time-consuming projects; you really want to get these right the first time. With over 25 years of experience migrating client data, we’ll be there to help you make the decision that’s best for your business, whether your data comes from industry-standard applications, QuickBooks, legacy software, or any other unsupported systems. Our scoping process is thorough, and we’ll recommend the application we think is the best for you after some conversation about your needs. But before you decide to pull the trigger on a data conversion, here are three important questions your company should consider.
Nothing is scarier during Halloween season than knowing your 1099 filing deadlines are creeping closer. We know how much of an enormous headache the 1099 filing process is— that’s why it’s one of our most-requested services we offer to our clients. But there’s no need to stress this year: here is how outsourcing your 1099 processing can help you relax this season.
An inaccurate division order can spell a lot of trouble for all parties involved. Mispayments are not always detected expeditiously, and they can often create practical and legal challenges if they are not resolved quickly. However, the unfortunate reality for operators is that, without thorough oversight, inaccuracies are inevitable, especially when you factor in varying division order laws from state to state. These mispayments are usually caused by simple human error: miscalculations, typos, system errors, ownership analysis errors, and so on.