PakEnergy Accounting is a modular software system.  But...all modules share the same set of data files.  This intelligent approach completely eliminates duplicating entries, saving time and disk space.  And, since not all people have the same accounting needs, this approach allows you to purchase only the modules you need.  Other modules can be added later, as required.

All of the systems feature:

•No monthly or yearly closings!

•Unpost and correct errors as if they never happened.

•Correct coding errors in real time quickly and easily.

•All reports can be printed to any attached printer (network or local), to a disk file, or to the screen (with full page up-down-left-right scrolling).

•Print reports for any time period.

•Easy to use, pop-up browse and select windows for account, Sub-Account, vendor, purchaser, owner and printer selection.

•Extreme flexibility with many user selectable options.

•Multi-company...limited only by available disk space.

•Advanced, easy to use data entry with full editing of on screen data.

•Works on all major networks including Novell and LANtastic, Windows 2000, and XP.

•Stacked, fully descriptive menus to indicate exactly where you are in the system.

•On screen prompts and verification of information with friendly and informative error messages.

•Easy customization to take full advantage of your printer and screen.

•All reports and checks can be stopped and restarted with ease, in case of printer failure.

•Reporting options allow you to select only the information you want to see.

•Ability to verify and rebuild data files automatically, should you experience disk problems or power failure.

•Will handle very large dollar amounts (18 significant digits).

The system is easy to learn. Setting up and computerizing your financial books is as easy as filling in on-screen forms.  Interactive prompts ask for the required information, and verifies it before proceeding.   If you make an error, simple error messages tell you why the entry is not accepted.  Check out the new company checklist for setting up your company information.  Data entry is made as simple as possible:

•Automatic advance to the next required field

•Commas are automatically inserted as you enter numbers.  

•Negative/Credit amounts can be entered with either leading or trailing sign.  

•Edit amounts without re-typing the entire field; change any digit by moving the cursor and re-typing.

•User-defined defaults in most modules allow you to set up your default accounts for a minimum of required changes.        

•The "Hot Key" function gives the user instant access to account and Sub-Account maintenance.  This allows you to add accounts and Sub-Accounts 'on the fly' -- even if you're in the middle of a data entry screen.

You are not required to close out a fiscal year before starting another.  Reports can be run for any time period you keep on disk.  Coding errors can be corrected using the unpost or the real-time change features.  The system also supports budgeting at any level of detail, flexible time periods (fiscal year, calendar year, 13-period) and expanded description fields (Up to 4000 characters).

Pak Accounting was built from the General Ledger up as a modular system, yet all modules share the same set of data files.  This intelligent approach completely eliminates duplicating entries, and saves time.  Meanwhile, you have more time to focus on you customers and relationships, therefore your company grows.

With these goals in mind we have designed a General Ledger that is simple to use and allows the user absolute control of on-screen views as well as report layout and data.  Some of our most promising features of the General Ledger speak for themselves:  

•Date Sensitive System means no closings are required - supports multiple years

•System menus remain on top screen at all times, no more digging for buttons

•Correct coding errors without unposting

•Multiple entries can be corrected at the same time with the Mass Maintenance feature

•Look up account values or account numbers via the touch of a button via hot keys

•Allocation can be made from one cost center to another based on fixed percentages, budget amounts, dollar amounts or quantities

•Import General Ledger entries from spreadsheets

•New accounts and Sub-Accounts can be added or changed from any screen

•Change account/Sub-Account numbers throughout the system (including all historical data)

•Virtually unlimited expanded description on all entries

•Built-in Backup and Restore for Pak Accounting files

Financial Reporting is an integral part of the General Ledger System.  All reports are easily formatted to your individual needs and computer equipment.  The best thing about reporting in Pak Accounting is the built-in flexibility. Report View to the screen or print General Ledger account detail with unlimited time restraints.  If you have the files, you can print the reports!

The Accounts Payable module shares data files with the General Ledger to form an integrated, seamless system for tracking and paying your vendor purchases.  The system generates ready-to-mail checks, creates all the appropriate general ledger entries, and provides for automated bank reconciliation.

•Duplicate checking on invoice number and/or amount.

•Change due dates

•Unpost invoices

•Reverse coding and voiding invoices is a snap

•Invoices can be entered and checks written for miscellaneous vendors without any prior vendor setup

•Print check(s) as soon as an invoice is entered for a single invoice

•Print checks(s) from posted unpaid invoices selected by due date, vendor, or just point and click selection.

    Reports:

•Cash Requirements Listing

•Open Item

•Invoice Listing by Vendor

•Historical open items

•Aged Summary

•Checks by Payee

•Cash Disbursement with General Ledger coding

•1099 Miscellaneous

NOTE:  For checks that are guaranteed to work and for the best pricing, order your pre-printed checks through our Forms Department.  

The Accounts Receivable module allows you to track all customer activity, analyze, print statements, generate reports, and charge interest.  You have the ability to track current year versus prior year purchases by customer.  The Accounts Receivable/Open Items option allows you to track each invoice entered and maintain an accurate record of exactly what invoices are outstanding

    Features:

•Retain customer history for as long as you need it.

•The ability to bill interest/finance charges.

•Can override standard aging on reports.

    Reports:

•Aged trial balance

•Customer statements

Bank Reconciliation is available with all check-writing programs, including Accounts Payable, Payroll and Revenue.  This system allows you to reconcile your bank statement quickly and easily.

MICR Check allows you to print checks onto blank check stock, thus allowing you to print checks from several different bank accounts and companies without having to change the check stock in your printer.  This very popular feature eliminates voided checks due to printer problems; the routing number, account number and check number is printed on the check as you go.  MICR Check can be used with any of the the check writing systems: Accounts Payable, Payroll and Revenue.  Imagine the storage space you could save by not storing pre-printed checks for each bank account.

Deposit Entry is a fast, efficient way to enter your deposits and save you time and money.  Deposit Entry is a one-screen entry system for money received that allows you to code your information directly to income, Accounts Receivable and/or any other account.

    Features:

•Quick data entry, no worrying with the debit/credit sign.

•Eliminates summing errors.

•Generates general ledger entries.

•Prints deposit slip using MICR

•Auto posting of open A/R items.

The Payroll system will track and manage all payroll requirements for an unlimited number of employees.  The system will accommodate a vast number of user-defined deductions.  A popular feature is the fact that there are no annual or quarterly closings.

    Features:

•Supports EFTPS tax payments.

•Import time from Time Entry Module

•New Hire Report, ready to fax

•Employees can have both fixed earnings and segmented pay (i.e. salary, car allowance, etc)

•Employees can work in multiple cost centers.

•Multiple pay rates can be entered for an employee.

•Vacation & sick time are automatically accrued and balances printed on check stub

    Reports:

•W-2s

•941 Taxes

•State unemployment report & electronic filing in select states

•Workers' Compensation

•940

•401K

The Check Stub Entry module is a simple way to enter oil and gas payments and it enables you to track monies received from purchasers.  The purchasers lease numbers and product codes are cross-referenced to the lease file.

    Features:

•Fills in missing information from check.

•Data entry by purchaser's lease number.

•Each lease interfaces with General Ledger and Revenue.

    Reports:

•Missing payment reports

•History by purchaser

•Lease property history list

•Transaction edit report

Adding Revenue/Billing module to this powerful Financial System creates a complete, fully integrated accounting system for the oil and gas operator.  At the touch of a button, you can print JIB statements, disburse revenue, and/or produce net checks for selected owners.  Entries can be automatically created for the personal books of any investor, or sent directly to the investor using our add-on, WolfeNet feature.  Bill only the leases and/or items that you are ready to bill.  Recurring expenses, such as overhead or pumper, are automatically handled.

With our system, the programs and data are always kept in separate directories.  This allows the data to be quickly backed up and recovered, and also makes it easy to install updates to the system.  By default, the programs and data files are organized into the following directories: