ERP for Investors

• 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).

• 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 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

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.

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.

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.