Accounts Payable & Joint Interest Billing 

Accounts Payable

  • Record and process vendor and joint interest invoices
  • Manage electronic workflow for client invoice approval
  • Process and deliver payments

Accounts Receivable

  • Process revenue and accounts receivable cash receipts
  • Pursue collection of joint interest receivables – including netting
  • Monitor accounts receivable aging reports

Joint Interest Billing

  • Record material transfers
  • Set up and maintain JIB schedules
  • Prepare and deliver invoices to joint interest owners
  • Record monthly COPAS overhead rates and update as appropriate
  • Prepare monthly LOE and capital cost accruals and G&A accruals
  • Receive, process and transmit joint interest billings (JIBs)
  • Set up AFEs, enter budgets and provide comparison reports
  • Resolve discrepancies with operators and working interest owners