Over the last 8 years we've helped 183,913 companies choose the right
software by sharing our extensive research on over 1,258 software systems.

Compare Oil & Gas Accounting Software

This page is managed by
Michael Koploy, Managing Editor
Last updated: April 19, 2014

Top 10 Most Recommended Oil & Gas Accounting Software Systems

 
OGsys Great Fit With over 30 years of experience, OGsys delivers a powerful suite of accounting applications designed specifically for firms in the oil, gas, and energy industry.
      0 Reviews
 Price
 Demo

1

Recommendations
in the last 30 days
Multiview Enterprise .NET n10 Multiview Corporation has been providing accounting solutions to buyers in over 40 vertical markets, including oil, gas, and energy. It offers affordable, straightforward accounting to small and mid-sized companies.
      0 Reviews
 Price
 Demo

51

Recommendations
in the last 30 days
Intacct Financials and Accounting System Intacct's Web-based accounting software is ideal for mid-sized oil and gas companies. With over 30,000 users, it supports financial reporting, billing and invoicing, forecasting, performance management and more.
      25 Reviews
 Price
 Demo

35

Recommendations
in the last 30 days
Cougar Mountain DENALI Available as both an on-premise and web-based solution ideal for small businesses, Cougar Mountain DENALI features general ledger, AP/AR, inventory management and order entry and can generate customized reports.
      0 Reviews
 Price
 Demo

25

Recommendations
in the last 30 days
Epicor Financial Management Oil & gas operations need to keep track of a number of supplier and hazmat variables on top of core financials concerns. Epicor FInancial Management, with its petroleum industry add-on, can handle these needs.
      0 Reviews
 Price
 Demo

23

Recommendations
in the last 30 days
 

Need help narrowing the options?

Save time & costly mistakes. Our experts will recommend the best software for your needs. Call for a free consultation: (888) 918-2748

NetSuite Financials NetSuite partners with Hein & Associates, a systems integrator with 30-plus years of experience in oil & gas, to help firms get the most out of NetSuite. The system supports well listings, well payout reports and project tracking.
      1 Review
 Price
 Demo

23

Recommendations
in the last 30 days
Sage 100 Standard and Advanced ERP (formerly Sage ERP MAS 90 and 200) Sage 100 Standard and Advanced ERP software systems support remote access, so employees can tap into accounting and business functionality wherever they are. Ideal for organizations with 10 to 500 employees.
      3 Reviews
 Price
 Demo

20

Recommendations
in the last 30 days
Sage Fixed Assets Sage Fixed Assets is an on-premise accounting solution designed to meet the unique needs of oil and gas industry professionals. The system is extremely secure and is appropriate for operations of any size.
      0 Reviews
 Price
 Demo

16

Recommendations
in the last 30 days
Infor Office of the CFO Infor's Office of the CFO is a robust solution for oil & gas companies. This solution provides tools to manage joint ventures and AFEs. Used by more than 25,000 global customers, this is a widely trusted solution.
      0 Reviews
 Price
 Demo

10

Recommendations
in the last 30 days
Microsoft Dynamics AX Microsoft Dynamics AX is a flexible solution that serves any number of various industries - including oil and gas. It relies entirely on Microsoft’s .Net technology and can be hosted remotely, but more often installed on-premise
      2 Reviews
 Price
 Demo

5

Recommendations
in the last 30 days
 
 


Find the right software systems based on your needs in 3 easy steps:

We need a few details about your organization to start narrowing down the list:

Filter Results Continue

1  2  3
Call us for a free FastStart Consultation

(888) 918-2748

Save weeks of up-front research and avoid costly mistakes with our free FastStart Consultation.

 
Free Download:
Guide to Understanding and Comparing Accounting Software Price Quotes
Download Now
Free Download:
How to Assess Accounting Software Vendors' Viability
Download Now

Feedback from buyers we've advised
 
"Extremely helpful staff helped me focus my efforts on the best systems to look at given my needs." Kristin Hall Sliwicki
Prairie Lakes Counseling Associates
"Software Advice really helped me organize and narrow my search to only a few software companies that all seemed to fit pretty well with our needs. Without them, I'm not sure how I would have found the software we selected. I highly recommend you contact them to see what they can help you find." Cameron Monteath
Medical Modeling Inc.
"Software Advice was instrumental in narrowing down the huge number of products available to be relevant and customized to our specific requirements." Louise R. Serkey
Canyon View at Ventana

Buyer's Guide

What is Oil and Gas Accounting Software

Oil and gas accounting software focuses on tracking energy projects and partnerships, including the acquisition and development of land leases for natural resources. The software can also track the status of leases and share it throughout a company while automatically posting land payments to the general ledger.

Companies can also monitor the financial positions of each general or limited partner. Larger-scale companies might require additional features, such as multiple currency options.

Oil- and Gas-Specific Functionality

Energy accounting software typically includes standard features, such as accounts receivable and accounts payable. In addition to these features, there are a number of industry-specific functions that software buyers should be aware of. Specific features of oil and gas accounting software include:

Land Lease Tracking Defines tracts of land nationwide and documents the ownership and lease terms from initial offer to signing. Manages lease obligations like rentals and renewals and provides automatic notifications for payments or lease expiration.
Documentation & Compliance Helps manage lease documents and accounting receipts. Also keeps you updated on legal issues to support development and delivery of relevant, accurate compliance reports.
Dispatch Tracking Provides schedule and dispatch maintenance/repair workers information needed to optimize their routes by skill/location to improve efficiency and quality of service. Also includes the ability to estimate job costs and manage service contracts, inventory, and purchasing through the dispatch management feature.
Energy Procurement Reporting Streamlines energy procurement decisions using detailed data from loadshapes and special energy reports to create well payout profitability reports.
Rate/Tariff Analysis Compares utility billed rates to alternative rate schedules, including those of competitors and other markets. May also include cost avoidance analysis to see potential solutions, as well as weather data to its impact on costs.

Evaluating Oil and Gas Accounting Software

Energy software packages can generate state and federal reports required by auditing government agencies such as the Department of Energy, Environmental Protection Agency, or Department of Defense. Sorting profitability by site, activity, crew, geologist/engineer, and customer is also a helpful tool in energy accounting software. Software dispatch systems can help with scheduling and recording load pickups while providing information such as directions and gate combinations.

When evaluating oil and gas accounting software, buyers should consider the following:

  • Can the software analyze the financial status of the company’s partners?
  • Can the software track lease status and integrate it with accounting?
  • Do the features fit the size of the company, as in multiple currencies?
  • Can the software generate the appropriate reporting documents for auditors?

Have an opinion on this guide? Email the authors. We appreciate the feedback.