*Online Oil & Gas Accounting Software and Services *
Dallas Data carefully balances the reliability and stability of proven technologies with over 30 years of oil and gas accounting expertise to deliver a valuable blend of software and service.
Whether your oil and gas accounting function requires a single-PC or involves multiple users in multiple locations, Dallas Data’s online accounting software and services streamline your backoffice operations.
This efficiency frees you and your team to focus on maximizing production and growing revenue. Whether you choose all or some of Dallas Data’s flexible services, you and your team remain involved and in control of your accounting and other backoffice functions.
Streamlines the Producers Backoffice
Our standard accounting services give every Dallas Data customer access to our teams’ experience in oil and gas accounting and the proven processes and reliable technology that will streamline their operations.
Our accounting services include:
- Online lease operating statements, available 24x7, to help you make better business decisions
- Timely Joint Interest Billing (JIB) processes that improve cash flow
- Flexible options to buy the oil and gas accounting services you need, when you need them so that you save money and eliminate up-front capital costs
- Outsourced backoffice accounting processes that reduces personnel and technology costs
When the needs arise, customers can select optional services that include:
- Land Records Administration
- Production Accounting
- Regulatory Reporting
- Severance Tax Reporting and Filing
Proven Processes and Reliable Technology
Built on Dallas Data’s proprietary and proven ROGARS (Remote Oil and Gas Accounting and Revenue System) Platform, our online services are always available, 24x7, from any Internet browser. Our servers are co-located at the Cyberlink Data Center at the Dallas, Texas Infomart, offering secure, reliable, and available operation. We take our customer’s trust seriously so we maintain the highest level of protection for your data with secure firewalls, two factors of authentication and the most current virus detection available.
Our Accounts Payable module provides full functionality to record and pay invoices in full or through partial payments. Cost Centers allow for allocation to different sets of properties, and our A/P reporting allows for complete, detailed reporting on how much has been paid to any one vendor.
Our General Ledger module provides full drill-down capability for quick, on-line analysis while maintaining the integrity and sophistication necessary to account for the intricate Joint Interest and Revenue Distribution necessary to support and upstream oil and gas accounting company. The module also provides full multi-entity capability to maintain separate books for various partnerships, operating companies, etc.
Joint Interest Billing
Our Joint Interest Billing module keeps track of multiple working interest decks to allow operator’s to bill out the outside interest owner’s share of expenses and capital costs. Our mailing service allows operators to not have to maintain additional staff to print, stuff, and mail Joint Interest statements. Our online application allows owner’s relations personnel to review JIB statements online; allowing for quick resolution of owner’s questions and issues.
Lease Operating Module
Our Lease Operating module provides full-featured reporting that allows you to review a P&L by well, lease or by grouped sets of properties. It also allows for creation and maintenance of AFE’s to allow you to track to the budgeted capital development and improvements to a well or lease.
Our Revenue Distribution module provides full-featured functionality to allow operators to distribute revenue and cut checks to royalty and working interest owners and to post the company share of revenue to the appropriate operating or holding company. Our mailing service allows an operator to approve the revenue distribution and have those resulting checks printed, stuffed, and mailed to the interested parties without having to maintain additional staff to handle this time-consuming operation.
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