General Ledger
For deeper understanding and a tight control on your financial performance
The General Ledger is the heart of the PakEnergy accounting system. The PakEnergy system provides all core accounting functions and financial reporting:
- 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
Service Ticket
A fast, easy way for oil & gas service companies to enter multiple tickets and create one invoice
The Service Ticket module lets users record tickets, produce invoices, import time into payroll and record GL entries for service companies including well servicing companies, drilling contractors, supply companies, salt water disposal (SWD) facilities, trucking and transport, roustabouts and oilfield construction companies.
- Prints state reporting for salt water disposal (SWD) facilities in TX & LA
- Combines tickets for the same customer and location together onto one invoice
- Allows for multiple invoice formats and various billing frequencies
General Invoicing
A complete system for customer invoicing, parts, and account management
This Standard module integrates inventory management, purchase orders and invoicing processes with accounting and joint interest billing.
- Tracks inventory based on multi-location
- Handles multiple tax rates with automatic tax calculation
- Provides sales report, sales tax reporting and gross profit by customer
- Offers flexibility tax and discount structure
Accounts Receivable
Management of outstanding balances, statements and customer accounts
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.
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.
General Ledger
For deeper understanding and a tight control on your financial performance
The General Ledger is the heart of the PakEnergy accounting system. The PakEnergy system provides all core accounting functions and financial reporting:
- 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
Service Ticket
A fast, easy way for oil & gas service companies to enter multiple tickets and create one invoice
The Service Ticket module lets users record tickets, produce invoices, import time into payroll and record GL entries for service companies including well servicing companies, drilling contractors, supply companies, salt water disposal (SWD) facilities, trucking and transport, roustabouts and oilfield construction companies.
- Prints state reporting for salt water disposal (SWD) facilities in TX & LA
- Combines tickets for the same customer and location together onto one invoice
- Allows for multiple invoice formats and various billing frequencies
General Invoicing
A complete system for customer invoicing, parts, and account management
This Standard module integrates inventory management, purchase orders and invoicing processes with accounting and joint interest billing.
- Tracks inventory based on multi-location
- Handles multiple tax rates with automatic tax calculation
- Provides sales report, sales tax reporting and gross profit by customer
- Offers flexibility tax and discount structure
Accounts Receivable
Management of outstanding balances, statements and customer accounts
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.
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.
Additional Features
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Additional Features
