Revenue Accounting

  • Record volumes, sales values, transportation charges, other deductions  and severance taxes into accounting records
  • Generate monthly revenue/royalty distributions 
  • Prepare and file severance taxes and compliance reports including MMS
  • Generate monthly revenue accruals
  • Generate gas balancing statements
  • Reconcile gas balancing statements provided by other operators
  • Calculate and disburse net profit interests
  • Reconcile related general ledger accounts
  • Ability to compare calculated sales volumes to revenue received

Back to Services listing