OFS Software for Accounting and Financial Management
Working in the accounting department of an oilfield rental or service company involves dealing with:
Using software tailored specifically for Oilfield accounting unique needs works to ensure smooth and accurate pricing, invoicing and financial analyses.
With a few clicks you can generate invoices – from simple service invoices to complex batch drilling and multi-well billing.
Get flexible pricing abilities: discounts, daily and periodic rates, package and volume-based pricing, prices by regions and more.
Reports and dashboards give you insights to financial data to promote cost efficiency and improve the financial productivity
See operation results per each job, analyze profitability and define most profitable services
Track employees’ hours, set up rates, calculate payroll and send all to your accounting software
Track non-billable time – employee and job times, in-shop repairs, maintenance and others.
Rent-in equipment from 3rd party vendors, add those to own inventory and rent them out to clients
Keep track of all the vendors, purchased inventory, the documents involved in every single purchase
Integrate with your accounting (QuickBooks, QBO, Sage 50, MS Business Central, etc) software