WellsManager handles the operations accounting a small operator actually does every month: record sales, book well costs, run the operating statement, and pay investors. It sits beside your general ledger rather than replacing it.
Record oil and gas sales by tank with barrels, price, production date, production tax, and cleanup and conservation fees. Capacity warnings catch a sale that exceeds the tank.
Each cost carries the well, vendor, invoice number and date, type, category, unit, quantity, and frequency, with the maintenance record attached when there is one.
Close a period and the operating statement shows each investor the net income per lease, the subtotal, any unpaid previous balance, and the total due. Payments are scheduled and recorded against the investor.
Reports export to spreadsheets for your bookkeeper, and the dashboard carries a short written brief on what changed in production, revenue, and field activity.
WellsManager is not a general ledger, payroll, or tax package. It does not post journal entries, file severance tax, or produce audited financials. It produces the operational numbers your bookkeeper or CPA books from.
No. WellsManager produces the sales, cost, and distribution detail; your bookkeeper still keeps the ledger. Exports make that hand-off a file rather than a retype.
It allocates costs by each investor's expense interest on the operating statement. It does not generate separate JIB invoices today.
Distributions are scheduled per investor, recorded as payments, and shown on the statement with the arithmetic. Money moves through your bank, not through WellsManager.
Each plan includes a number of producing and inactive wells, tanks, and investors. Take the short quiz on the pricing page to see which plan fits.
A short quiz about your footprint shows Starter checkout or a guided quote. Either way we help you stand up fields, Field Log vendors, and office staff.