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Revenue Accounting Services:
- Depositing of oil and gas revenue checks from purchasers and operators
- Imaging (scanning) of checks and remittance statements for online viewing by client and ARI staff
- Recording of revenue check detail for calculation of company share and amounts to be distributed to third parties
- Reconciling of amounts entered in revenue to revenue deposits
- Verification that prices received agree to contracts
- Maintenance of suspense detail
- Maintenance of divisions-of-interest
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Joint-interest Accounting Services:
- Calculation of overhead amounts on operated properties, including annual escalations
- Allocation of all charges to proper wells and categories (Intangible Drilling, Intangible Completion, Tangible Drilling, Tangible Completion, Lease Operating, Workover, etc.)
- Calculation of amounts for all owners by property
- Printing of Joint-interest Summaries and Invoices for owners
- Distribution of JIBs by mail or email
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Accounts Receivable Services:
- Preparation of deposit slips and deposit with bank
- Apply receipts against owner receivables
- Netting of joint-interest receivables against owner revenues
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Accounts Payable Services:
- Review of invoices for accuracy
- Coding of invoices to proper accounts and properties
- Scheduling of payments to be made to vendors
- Preparation of checks and other forms of payments to vendors
- Preparation and mailing of 1099s
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Financial Reporting Services:
- Review of General Ledger accounts
- Reconciliation of sub ledgers to General Ledger balances
- Full monthly Financial Statements on GAAP or other basis
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Tax Reporting Services:
- Provide information to Tax Accountant for preparation of Income Tax Returns including property detail for depletion
- State severance and production tax reporting
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Production Accounting Services:
- Enter data from gauge sheets, run tickets and online downloads
- Compare production data to revenue receipts
- Report to states on required forms
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Gas Balancing Services:
- Gathering of data from purchasers, transporters and working interest owners
- Preparation of monthly gas balancing reports for pipeline and producer imbalances
- Distribution of reports electronically or by paper
- Verification of balancing statements on non-operated properties
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Payout Reporting Services:
- Analysis of terms of Farmout, JOAs or other agreements
- Preparation of payout statements with running monthly balances (i.e. one line per month with all months shown since inception)
- Distribution of reports electronically or by paper
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