Financial and Accounting Management

Revenue

Your Revenue Accounting Experts

Bode Petroleum provides significant accounting revenue experience for growing companies in the Oil and Gas sector. Our accountants have extensive knowledge of tax compliance and various accounting revenue requirements.

• Monthly income records, including deductions and taxes.
• Monthly preparation of income/royalty distributions.
• Option to distribute net income against common interest invoices.
• Payments to owners with full details.
• Filing of taxes for layoffs and compliance reports (ONRR and state).
• Preparation of Monthly Accrued Income.
• Preparation of Gas Balance Statutes.
• Calculation and distribution of interest on net income.
• Accounting reconciliations and shareholder services.

Expense Accounting

Leveraging an Optimized System for Maximum Efficiency Support

Bode Petroleum's Expense Accounting department strives for total efficiency, helping you manage your business more effectively, save money, and keep your accounting optimized.

Accounts Payable

• Entry into the supplier process and joint invoices.
• Electronic management of the approval flow.
• Payment processing via ACH.
• Automated accounting reconciliations.

Common Interest

• Billing programs of common interest.
• Monthly invoicing to associated businesses.
• Monthly processing and review of COPAS.
• Allocation of costs and administrative expenses.
• Electronic invoicing of common interest.
• Evaluative reports and advanced financial engineering.

Accounts Receivable

• Process of income and accounts receivable against receipts.
• Monitoring of common interest collections.
• Historical monitoring and reconciliations.

Financial and Operational Reports and Tax Preparation

Comprehensive Service for Better Financial Stability

Bode Petroleum complements its accounting services with robust financial reporting and comprehensive tax management, ensuring consistency and simplicity across all processes.

Financial Reports

• Preparation of monthly, quarterly, and annual financial reports.
• Assistance with securities documentation and audits.
• Budget preparations.

Operational Reports

• Preparation of operating lease reports (LOS).
• Advanced engineering flow management for comparative reports.
• Monitoring of payroll calculations and access to reports via the web.

Tax Preparation

• Federal and state tax returns.
• Issuance of federal 1099 forms.