Asset Tracking - Upstream Oil and Gas Software Tracking.pdf · P2’s BOLO Asset Tracking module...
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P2’s BOLO Asset Tracking module manages your fixed assets, both oil & gas properties, and furniture and fixtures. Fully integrated with accounts payable and general ledger, it tracks materials inventory, allocates and classifies leasehold costs, calculates and books GAAP (Generally Accepted Accounting Principals) and tax DD&A, and processes integrated material transfers. What’s more, having tax and GAAP books integrated and available for audit helps ensure that you are in full compliance. A Valuable Asset To Your Company Asset Tracking handles inventory management, depreciation, depletion and amortization (DD&A), and material transfer for midtier U.S. E&P companies. E&P companies that continue to track and calculate DD&A using complex, complicated spreadsheets risk miscalculating DD&A and misrepresenting the asset base of the company. Additionally, spreadsheets compromise internal controls. BOLO eliminates spreadsheet calculations of depreciation and depletion. Asset Tracking BOLO Denver | Houston | San Antonio | Fort Worth | Calgary | Bogotá | London | Tunis | Dubai | Singapore | Perth | Bangkok www.P2energysolutions.com Business Intelligence Intelligent Dashboard Dynamic Reports Analytics Regulatory Compliance Document Management BOLO Accounting BOLO Land BOLO Production Audit Portal Asset & Tax Management Revenue Distribution Lease Track SOX Compliance Asset Tracking Cost/Joint Billing Well Analyze User/App Security Depreciation General Ledger Contract Daily/Monthly Allocations Transaction Tracking Depletion Budgeting Treasury Division of Interest Regulatory Reporting Change Logging Material Transfer Revenue Allocation and Valuation GIS Mapping Integration SCADA/Field Data Integration Tax Ledger
Transcript of Asset Tracking - Upstream Oil and Gas Software Tracking.pdf · P2’s BOLO Asset Tracking module...
P2’s BOLO Asset Tracking module manages your fixed assets, both oil & gas properties, and furniture and fixtures. Fully integrated with accounts payable and general ledger, it tracks materials inventory, allocates and classifies leasehold costs, calculates and books GAAP (Generally Accepted Accounting Principals) and tax DD&A, and processes integrated material transfers. What’s more, having tax and GAAP books integrated and available for audit helps ensure that you are in full compliance.
A Valuable Asset To Your CompanyAsset Tracking handles inventory management, depreciation, depletion and amortization (DD&A), and material transfer for midtier U.S. E&P companies. E&P companies that continue to track and calculate DD&A using complex, complicated spreadsheets risk miscalculating DD&A and misrepresenting the asset base of the company. Additionally, spreadsheets compromise internal controls. BOLO eliminates spreadsheet calculations of depreciation and depletion.
Asset TrackingBOLO
Denver | Houston | San Antonio | Fort Worth | Calgary | Bogotá | London | Tunis | Dubai | Singapore | Perth | Bangkok
www.P2energysolutions.com
Business Intelligence
Intelligent Dashboard
Dynamic Reports Analytics Regulatory Compliance
Document Management
BOLOAccounting BOLO Land BOLO
Production Audit Portal
Asset & TaxManagement
RevenueDistribution Lease Track SOX Compliance
Asset Tracking
Cost/JointBilling Well Analyze
User/AppSecurity
Depreciation
GeneralLedger
Contract Daily/MonthlyAllocations
TransactionTracking
Depletion
Budgeting
Treasury
Division of InterestRegulatoryReporting
ChangeLogging
Material TransferRevenue Allocation
and Valuation
GIS MappingIntegration
SCADA/Field DataIntegration
Tax Ledger
Benefits
• Automates GAAP and Tax DD&A calculations for both full cost and successful efforts accounting and has the ability to book the accounting entries in the system.
•Managesleaseholdcosts,includingwrite-offs,allocationsandreclassificationsbetweenproducingandnon-producing properties using simple tools.
• Manages an unlimited number of yards and warehouses including location, COPAS condition code and average cost of all materials.
Features• Accounts for partial and complete asset sales, abandonments, disposals and casualty losses.
• Provides an on-line asset inquiry.
• Manages the requirements of FAS 143 Asset Retirement Obligations by recording ARO assets and booking ARO asset depreciation.
• Fully integrates with AP, JIB, GL, Land and Production.
•Integratesmaterialtransferworkflowwithpartinventories,DD&AandJIB.
Asset TrackingBOLO
Contact P2 Energy Solutions, [email protected], for more information or for a demonstration.
EMPOWERING THE PEOPLE WHO POWER THE WORLD
Denver | Houston | San Antonio | Fort Worth | Calgary | Bogotá | London | Tunis | Dubai | Singapore | Perth | Bangkok
www.P2energysolutions.com
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