General Ledger
For deeper understanding and a tight grip on your financial performance
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).
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
All the control, validation and reporting you need to track oil ≈ gas revenue. PakEnergy streamlines your revenue data entry process and provides support for multiple import capabilities.
- Electronic import of revenue information through spreadsheets or electronic data exchange (CDEX)
- Missing payments reporting tracks purchaser or operator payments to ensure receipt of all checks
- Historical reporting isolated by lease, purchaser, product, production month, deposit date and/or any combination
- 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 1099 module handles all of your IRS reporting requirements for 1099s. It prints documents or creates electronic files to upload to the IRS FIRE system
- Supports 1099-MISC, 1099-NEC, INT, DIV, R, S, 1098-Mortgage Interest, 1042–Foreign Withholding, and DR21-W (Colorado Withholding)
- Updates your system files and formats to comply with IRS requirements
- Provides a supporting schedule listing all payments made with check date, number and detail
General Ledger
For deeper understanding and a tight grip on your financial performance
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).
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
All the control, validation and reporting you need to track oil ≈ gas revenue. PakEnergy streamlines your revenue data entry process and provides support for multiple import capabilities.
- Electronic import of revenue information through spreadsheets or electronic data exchange (CDEX)
- Missing payments reporting tracks purchaser or operator payments to ensure receipt of all checks
- Historical reporting isolated by lease, purchaser, product, production month, deposit date and/or any combination
- 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 1099 module handles all of your IRS reporting requirements for 1099s. It prints documents or creates electronic files to upload to the IRS FIRE system
- Supports 1099-MISC, 1099-NEC, INT, DIV, R, S, 1098-Mortgage Interest, 1042–Foreign Withholding, and DR21-W (Colorado Withholding)
- Updates your system files and formats to comply with IRS requirements
- Provides a supporting schedule listing all payments made with check date, number and detail
Additional Features
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Additional Features
