Bookkeeping software for oil and gas companies
Oil and gas bookkeeping software has to record large, irregular receipts and a steady stream of field costs. Adopt brings in each transaction, suggests the category with the reason behind it and reconciles every account.
How oil and gas companies handle this today.
Receipts are large and late. Purchaser payments cover production from earlier months.
Field costs never stop. Services, chemicals and repairs bill throughout the month.
Several entities. Each has its own bank account and its own books.
Detail lives on paper. Check stubs and statements carry what the bank line does not.
Oil and gas bookkeeping, entity by entity
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. A statement uploaded twice is not added twice.
Suggested categories
Purchaser receipts, field services, lease costs and partner payments each get a suggested account, with the reason shown.
Accept or change
Accept in bulk or one row at a time. Nothing is applied until you accept it.
Reconcile and report
Accounts reconcile to their statements, to the cent, and monthly statements are ready to review.
What changes for oil and gas companies
Every entity kept separate
Each operating entity keeps its own books.
The same vendor, the same account
Write a rule once for each service company.
Reconciled to the bank
Each bank account ties to its statement to the cent.
FAQs
It records and categorizes an operator’s receipts and costs and keeps each entity’s accounts reconciled. Adopt prepares that work and you approve it.
No. Joint interest billing and revenue distribution stay in the system you use for them. Adopt keeps the books and bank reconciliations current.
Yes. Each entity keeps its own books, and you can review one entity or all of them.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for oil and gas companies
Bookkeeping software for other industries
Operator books, entity by entity.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
