Petroleum Accounting Consultants, PLLC can properly code and process your accounts payable or review it for accuracy.
Most accounts payable personnel do not understand
the ramifications miscoding invoices has on income tax and joint
interest billings. This typically occurs because accounts payable
personnel do not understand the type of work being done on some of the
invoices they receive and code them to the wrong general ledger
account. Miscoding invoices can cost companies thousands of dollars in
increased tax expense and joint interest billing charges that were
never billed out to the working interest owners.
Our consultants understand how the accounts payable
process affects the other accounting areas. By properly coding and
recording your accounts payable Petroleum Accounting Consultants, PLCC
can reduce your company's tax expense and increase the amount your
company is billing out in your joint interest billings.
