Oil & Gas Accounting Software

How are revenue, JIB, accounting handled end to end?

On Demand Accounting manages revenue accounting and Joint Interest Billing (JIB) within purpose-built upstream workflows. The system supports revenue and expense decks, well allocations, owner distributions, and tax calculations in a single governed environment.

Does the system automate allocations, ownership changes, and DOI?

Yes. On Demand Accounting supports both traditional Net Revenue Interest (NRI) decks and automated burden-based decks on a per-property basis. Accounting teams can choose the level of control or automation needed without a global system constraint.

What controls exist for month-end close, accruals, and reclassifications?

On Demand Accounting includes structured controls for month-end close, accrual processing, and reclassifications. Financial adjustments are tracked with full audit visibility, supporting internal controls and compliance requirements.

Can we manage severance taxes and audits?

Yes. On Demand Accounting supports severance tax calculations and audit preparation within upstream-specific workflows. Distribution records are maintained with traceable documentation to support regulatory and audit requirements. All financial transactions and adjustments are auditable within the system.

What reporting and reconciliation tools ship out of the box?

On Demand Accounting includes built-in financial reports, structured query tools, configurable chart of accounts views, and reconciliation workflows designed for upstream accounting teams. Users can generate operational, management, and compliance-focused reports while maintaining traceability to underlying transactions.