ProCalc · Accounting
ProCalc Financial Accounting
Send in the invoice. Find it again from the P&L.
What Financial Accounting does
Financial Accounting is the complete books for an oil and gas company — everything the finance team needs, set up in hours, easy to use, and it gets the job done. Scan an invoice or send it in; it is coded and posted. Then open the P&L, click any line, and the invoices behind it are there. It sits on the same record as production, so revenue and royalties from Revenue Accounting arrive already reconciled to the volumes that earned them.
Inside Financial Accounting
Invoices code themselves
Scan it or email it. The invoice is read, coded to the account, property and AFE it belongs to, and posted. The image stays attached.
Click the P&L
Any line on the P&L opens to the entries behind it, and any entry opens to the invoice that created it. No report requests, no searching.
Revenue and royalties from production
What Revenue Accounting calculated is what is booked. Owner statements, Crown, freehold and overriding royalties post without re-entry.
Joint venture
AFEs, cost allocation by interest, cash calls and joint interest billing for operated and non-operated properties.
Set up in hours
A chart of accounts built for oil and gas, not adapted from one. Properties, partners and AFEs come across from ProCalc rather than being keyed twice. A new company is keeping books the same day.
On its own, or end to end
Financial Accounting reads the shared data lake, so it can improve this one process while everything else connects by API or file — or run as part of the whole chain. About the ProCalc platform.
What comes in
- Invoices, scanned or emailed
- Revenue, royalties and facility charges from Revenue Accounting
- Properties, partners and AFEs
What goes out
- P&L, balance sheet and sub-ledgers with the invoice behind every line
- Joint interest billings and owner statements
Also in ProCalc Accounting
- Production AccountingThe Canadian close in four steps: prorate batteries to wells, allocate plants to inlet streams, split each share by delivery point, submit to Petrinex.
- AllocatePlant volumes back to every inlet stream in Canada; daily allocation from tickets and well tests in the US.
- Revenue AccountingWho owns each well, what its share is worth, and the statements that pay them: division of interest, value, distribute.
- CommitmentsYour marketing and purchase contracts against the month’s actual production. Coming soon.
What customers say
All testimonialsWhen we experienced a change in staffing, we decided to explore new options for measurement record keeping. Cost savings were a priority, especially since our previous supplier required not only an annual fee but also a mandatory upgrade charge and a lengthy implementation process. I wasn’t heavily…
We are new business owners in the gas and oil industry and I cannot say enough great things about Critical Control and their team. We really enjoy the mobile app and the ability to scan in our charts and, even more importantly, to have production data at our fingertips. Our situation as a very…
The mobile chart scanning application on the phones is awesome. Late scanning and scanning errors are a thing of the past. All of my operators are thrilled with the ease of use and convenience of scanning the charts as they come off the readers.