ACCOUNTS PAYABLE & JOINT INTEREST BILLING

AP & JIB Experts for your back office

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. Our team will process and manage your payables and joint interest billing (JIB) statements and maintain your records so that you can focus on your core business.

"We strive to take care of every client. We have clients that are huge clients that have a very demanding workload. We have clients that are very small that have a very minimal workload. But regardless of how large or small the client is, we treat them with the same respect."

- Kimberly Davison, AP/JIB Specialist

Questions? Contact our Sales Team!

(210) 903-0500sales@petro-ledger.com

Are you a current land services client that's looking to outsource some of your back-office accounting? Check out our blog and learn more about how our team can help! >>>>>

ACCOUNTS PAYABLE & Receivable

Our AP specialists will gather all of your data and maintain it in one easy-to-navigate program to make vendor invoice tracking, payments, and expense billing easy. You can rest easy knowing that our decades of expertise and attention to detail will ensure that invoices are entered accurately and paid in a timely manner.

JOINT INTEREST BILLING

Our JIB specialists are highly skilled at managing the processes associated with complex join ventures, from receiving expenses and coding them in accordance with the Joint Operating Agreement (JOA) to managing complex marketing arrangements for revenue processing and understanding the assignability of wells and owners. And with clients ranging from non-operators and single-well operators to thousand-well operations with an investor deck in the tens of thousands, we’ve seen it all.

What We Offer

accounts payable

  • Processing & Delivering Payments
  • Recording & Processing Vendor/Joint Interest Invoices
  • Managing Electronic Flow of Client Invoices
  • Reconciling Payments with Account Statements & Tracking Down Missing Invoices

accounts receivable

  • Processing Joint Interest Billing (JIB) & Accounts Receivable Cash Receipts
  • Pursuing Collection of Joint Interest Receivables (Including Netting)
  • Monitoring Accounts Receivable Reports

joint interest billing

  • Recording Material Transfers
  • Receiving, Processing & Distributing JIBs
  • Establishing & Maintaining JIB Schedules
  • Preparing & Delivering Invoices to Joint Interest Owners
  • Resolving Discrepancies Between Operators & Working Interest Owners
  • Recording Monthly COPAS Overhead Rates & Updating as Appropriate
  • Preparin Monthly LOE & Capital Cost Accruals/Other Allowable Costs According to the JOA
  • Setting Up AFEs, Entering Budgets & Providing Comparisons
  • Providing a Breakdown of Allocations at All Levels

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