Financial Reporting for Oil & Gas Accounting/Accounts Receivable-SOGASAccounts Receivable Tools From SOGAS

Whether sending out invoices to your customers or keeping track of your working interest owner expenses, the Accounts Receivable tools will make your A/R operations flow smoothly.

  • Invoice and G/L entries created simultaneously
  • All entries are real time so all tables are immediately up-to-date
  • Aging reports can be run on “as-needed” basis
  • When processing the A/R system, statements are printed by open item or balance forward
  • Drilling prepayments can be maintained through the A/R system—Statements will then be accompanied by a Joint Interest Statement showing current month charges and remaining balance
  • On-line inquiry of aging by owner
  • Cash receipts entered by customer/owner and automatically applied to the oldest invoice or to specific invoices
  • Inquiry by customer/owner for all items, paid items or open items
  • Interest calculation for delinquent accounts on customer/owner basis
  • Ability to add new customer/owner when creating invoice
  • Comments printed on statement