PakEnergy ERP Software for Operators

The General Ledger is the heart of the PakEnergy accounting system. Task-specific input screens permit natural data entry for functions such as A/P and Deposit Entry, without having to think about debits and credits. The PakEnergy system provides easy access to summarized and detailed data, using view screens and flexible reporting options:

• Real-time view of account balance trends grouped by account and/or cost center, with drill down features for more detail
• Unlimited number of companies (companies can share vendors, customer, properties, owners, accounts, report definitions and more, or each company can have its own set)
• Trend reporting (monthly, quarterly, semi-annual, and/or annual) at cost-center level (well level) or summarized and/or grouped into one or more reporting groups (state, county, operator, field and/or user defined fields).
• Print groups in multiple levels of summary and/or detail
• Unlimited number of user-defined reporting groups of cost centers

Use the PakEnergy bank reconciliation module to reconcile your bank accounts on your general ledger, using your monthly bank statements.

The PakEnergy reconciliation cycle:

• Start cycle
• Range — clear checks by range
• Tagging — Clear checks by tagging
• Reconcile bank statement

The module includes multiple tools, listings and reports to help you find issues with deposit and checks.

Accounts payable shares data with the general ledger, giving you an integrated program for tracking and paying vendors, as well as the appropriate billing of owners/investors with the integrated Joint Interest Billing module:

• Integration with core modules — including document imaging, general ledger, JIB and 1099s
• Integrated bank reconciliation system for easy account balancing and sharing with A/P, revenue and payroll
• Print checks on preprinted or blank check stock complete with MICR encoding
• Write checks based on due date and/or vendor and/or selection of invoices
• Electronic review and approval process prior to cash disbursements (define one or more users for review and approval before cash distribution)

The PakEnergy accounts receivable module makes managing deposits and outstanding balances faster and easier with automated data entry. This system lets you track purchases by customers, payments from customers, generate interest charges, past dues (aged trial balance), and various sorted lists.

The system is integrated into the General Ledger, optimizing efficiency and eliminating duplicate entries. You can see who owes, the amount they owe, why they owe it and the due date.

The A/R module lets you track this information by customer and print reports — statements, aged A/R trial balances, etc. A/R integrates with the General Ledger, to optimize user efficiency and eliminate duplicate entries.

Constant changes in investor groups require accurately allocating costs to investors/owners for the generation of joint interest billings and related transactions. PakEnergy gives you the power to manage thousands of properties at the individual level, with different percentages, exemptions and summaries.

• Statement summaries for JIB charges by lease, expense type or prospect on a per-owner basis
• Extensive AFE integrations, management and reporting including auto-application of AFE pre-payments
• Unlimited number of DOIs allowed for a property

The PakEnergy deposit entry module complements our accounts receivable module, but doesn’t require A/R. It’s designed to give you a simple way to enter checks into your system and print deposit slips for the bank with MICR toner (you don’t have to fill out manual deposits).

Using deposit entry lets you enter the deposit, print a deposit slip for the bank and update the General Ledger — all from one menu. Used with the scanning feature, this module also lets you scan in checks for reference during customer conversations about billing.