Accounting & Regulatory Compliance What You Need to Know About Our Services Featured Image

Accounting & Regulatory Compliance: What You Need to Know About Our Services

Angella Bisigni
January 24, 2024

As an oil & gas professional, you know it can be hard to keep everything in order, especially when it comes to your back-office bookkeeping. Don’t let that lead to costly mistakes resulting in a loss of time and money. PetroLedger Financial Services is a full-service oil & gas accounting and land company ready to help you with all of your needs. We will help you get your books in order and keep your back office running smoothly with our fully scalable and customizable services. Keep reading to learn more about our accounting and regulatory services.

Comprehensive Transactional Outsourcing

Get the most out of your back-office processes with our transactional, gas plant settlement, and mineral interest management accounting services. With over 100 degreed accountants, bookkeepers, and CPAs, we can assure you we have the skills to handle any task. Our transactional services span from managing your accounts payable/receivable and joint interest billing (JIB) to your quarterly and annual reporting processes and taxes. Have 1099s and W-2s that need processed? No problem, we do tens-of-thousands of them every year!

If your business is in gas plants, we provide comprehensive accounting solutions to help you simplify and optimize your accounting processes. With us managing your reporting, you don’t have to worry about all the stress of managing your allocations, balances, and settlements. We can also help you when an imbalance in your gas plant reporting occurs by managing it and getting your books back on the right track.

We can help you protect your investments as well, whether you have a single-family investment or hundreds of investments across many states. We’ll help you from start to finish with your mineral interest management. Our team will look at your leases, assets, and transactions to ensure that all the regulations are followed, and the correct paperwork is filed when you need it. Plus, we compile all that data for you to find and use easily in one convenient spot with our data processing and maintenance. Do you have royalty concerns? We manage that too from reporting to unpaid royalties!

Regulatory Compliance: Accurate & Timely Reporting

Whether you have five leases on a single piece of land, or you have 500 leases spread over many states, you can’t afford to ignore the importance of knowing and tracking all of your required regulations. Here at PetroLedger, we have over 25 years of experience in the field of regulatory compliance. Our team understands the complexities of each type of governing body that your lease may have. From state and federal regulations to even tribal land – we can manage it all. On top of that, we can ensure that your reporting is done right and reduce your risk of regulatory audit, saving you both time and money.

Furthermore, our regulatory team is also equipped to assist you in the case of unclaimed property/escheatment. They will dig in and find unpaid revenue in your books and file the appropriate paperwork according to your state’s escheatment laws and tracking down what states have claim to those funds. We’ll walk you through the process from start to finish to ensure you have everything in your bookkeeping in proper order.

Need help with your oil & gas accounting or regulatory compliance? Give us a call or send us an email today, and let’s get talking!

Angella Bisigni
Senior Creative Marketing Associate

Angella is the newest addition to the PetroLedger Marketing team. She comes to us with many years of experience in various marketing settings creating graphics and running ad campaigns. She has a Bachelors in Graphic Design and Media Arts.