General Ledger

OGsys GL Processing is used to enter manual journal entries, generate and print financial or property reports, and enter AFE budgetary information. This module's reporting menu provides detailed GL account reporting options plus customizable financial report templates exportable to XML reports that are viewable in Excel®.

The efficiency of using OGsys over other programs is based on the flexibilities of user formatting in its reporting: real-time reporting capabilities instead of month-end only updating and comprehensive query options capable of addressing specific questions rather than random data. The entry tables support electronic uploading and recurring transactions offering ease of entry qualities that make the OGsys reporting system a valuable all around application tool.

The key issue in GL processing is flexibility. Within any entry the user can affect records dealing with companies, owners, wells, AFEs, expense decks plus dollar and volume transactions, both for gross and net amounts. Another feature of significant value is the use of standard or recurring entries. By using this process a user can save time and increase accuracy for repetitive entries.