Tracking Income & Expenses for Investments
PakEnergy lets investors track distributions across multiple holdings and different ownership interests, with the ability to drill down for detail.
- Streamlines the process of handling oil and gas income and expenses along with providing customized reporting features
- Manages individual owners, management companies, partnerships and institutional investors
- A fully featured accounting system with multi-level security, automatic entry for partnerships or subsidiaries and extensive financial reporting.
General Ledger

For deeper understanding and a tight grip on your financial performance
- 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).
Accounts Payable

Easy vendor invoice tracking, payments and expense billing
- 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
Check Stub Entry

Full visibility so nothing is missed
- Electronic import of revenue information through spreadsheets or electronic data exchange (CDEX) via Oildex and/or PDS saves time
- Missing Payments reporting tracks purchaser or operator payments to ensure receipt of all checks
- Variance analysis report compares receipts property by property with prior month, prior year or any date range
- See totals and variances of BBL/MCF (volume), price per unit and net revenue
Bank Reconciliation

A seamless process to tie cash balances to your general ledger​
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.
Deposit Entry

Fast, accurate entry of your cash receipts
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.
1099s

Handle your IRS reporting requirements by print or electronic file
The PakEnergy 1099 module handles all of your IRS reporting requirements for 1099s. It prints documents or creates electronic files and uploading the IRS (using pre-printed forms or blank paper eliminates the need to buy IRS forms).
Processes supported include: 1099-MISC, INT, DIV, R, S, 1098-Mortgage Interest, 1042–Foreign Withholding, and DR21-W (Colorado Withholding) Data is extracted from check history to complete these forms (except 1099-R and 1099-S).
PakEnergy updates your system files and formats to comply with IRS requirements. You also have the option to print an attached schedule, listing all payments made to individual recipients with check date, number and detail, which eliminates phone calls.
General Ledger

For deeper understanding and a tight grip on your financial performance
- 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).
Accounts Payable

Easy vendor invoice tracking, payments and expense billing
- 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
Check Stub Entry

Full visibility so nothing is missed
- Electronic import of revenue information through spreadsheets or electronic data exchange (CDEX) via Oildex and/or PDS saves time
- Missing Payments reporting tracks purchaser or operator payments to ensure receipt of all checks
- Variance analysis report compares receipts property by property with prior month, prior year or any date range
- See totals and variances of BBL/MCF (volume), price per unit and net revenue
Bank Reconciliation

A seamless process to tie cash balances to your general ledger​
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.
Deposit Entry

Fast, accurate entry of your cash receipts
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.
1099s

Handle your IRS reporting requirements by print or electronic file
The PakEnergy 1099 module handles all of your IRS reporting requirements for 1099s. It prints documents or creates electronic files and uploading the IRS (using pre-printed forms or blank paper eliminates the need to buy IRS forms).
Processes supported include: 1099-MISC, INT, DIV, R, S, 1098-Mortgage Interest, 1042–Foreign Withholding, and DR21-W (Colorado Withholding) Data is extracted from check history to complete these forms (except 1099-R and 1099-S).
PakEnergy updates your system files and formats to comply with IRS requirements. You also have the option to print an attached schedule, listing all payments made to individual recipients with check date, number and detail, which eliminates phone calls.
Additional Features
Additional Features
Add-On Modules
Extend the functionality of PakEnergy with various add-ons that automate and integrate multiple functions and processes.
Off-the-shelf Analytics, easy to set up, flexible smart reporting for full visibility into your business.
Transforms valuable data stored in your Oil & Gas ERP system into actionable information that enables faster, more intelligent business decisions.
A fully integrated system to enter images and related documents into your system
For scanning images and related documents. You can store these files with master file records for vendors, customers, employees, wells, owners, or individual transaction entries.
Roll multiple companies into one consolidated company
The PakEnergy Consolidated Financials module rolls one or more companies (including elimination company if needed) into one company for summary financial reporting. This add-on to your core PakEnergy solution supports aggressive M&A activity, with the ability to have unlimited consolidated companies.
You can consolidate companies at 100% or any other percentage basis, rerouting or reclassifying different accounts for your consolidated company. You can also break down reporting between the various companies that feed into your consolidated company, with a full range of monthly, quarterly and annual financial reports.
Solutions Designed for you
Land
Never miss an obligation again with powerful lease management, GIS, and owner relations management
Production
Automates the collection and analysis of oilfield production data
Accounting
Automates O&G accounting, revenue distribution, JIBs, regulatory compliance and more
Transportation
Automates the dispatch & ticketing of bulk commodity haulers
Exchange
Automates the exchange of invoices, lease operating statements, and other O&G documents with owners, investors, vendors, and partners