BOOKKEEPING SERVICES
As an independent operator or
investor, your time is best spent focused on driving your business, not
processing and managing your payables, JIB statements and revenue
distribution checks.
Your OGBS bookkeeper and staff handles all your daily bookkeeping
needs and will be in contact with you by email or phone with any
questions or concerns as they arise.
ACCOUNTS PAYABLE
- Receive, enter, scan, & route vendor invoices.
- Accounts Payable Invoice work flow including coding and
approval work flow and electronic paperless options - we know what
works and what doesn't and can tailor a solution to best fit your
Engr/Ops personnel and management team
- Baseline chart of accounts and system configuration can offer you
a good jump start with the ability to customize and configure to best
suite your needs
- Receive, code, and enter vendor invoices.
- Process and mail weekly vendor check runs
- 1099 processing and IRS filing
|
REVENUE
- Checkstub data processing; manual entry and electronic (Oildex)
- Process and mail revenue checks
- Electronic funds transfer
- 1099 processing and IRS filing
|
JOINT INTEREST BILLING
- Process and mail JIB statements and invoices
- Unit and well allocations
- Electronic JIB data processing (Oildex)
- Maintain and track AFEs
- Joint Interest Audits
|
FINANCIAL & OPERATIONAL REPORTING
- Prepare and maintain general ledger
- Enter journal entries
- Establish cost centers for grouped reporting and allocations
|
TREASURY
- Perform monthly bank reconciliation
- Record and verify accurate payment of company interest
- Setup lockbox and remote disbursement accounts
- Check signatory & controls
- Electronic funds transfer (ACH)
- Positive Pay link
|
