WolfePak ERP for Investors
Tracking Income & Expenses for Investments
WolfePak lets investors track distributions across multiple holdingsa and different ownership interests, with the ability to drill down for detail.
- Streamlines the process of handling oil and gas income and expenses along with providing customized reporting features
- Manages individual owners, management companies, partnerships and institutional investors
- A fully featured accounting system with multi-level security, automatic entry for partnerships or subsidiaries and extensive financial reporting.
Highlighted Modules
General Ledger
For deeper understanding and a tight grip on financial performance
Real-time view of account balance trends with drill down features for more detail
Unlimited number of user-defined reporting groups of cost centers
User can design custom financial statements or use pre-defined standard reports
Optional consolidation reporting for multiple companies
Full audit trails for creation and approval of entries
Check Stub Entry
Providing control, validation and reporting for revenue receipt
Validates revenue to division order for correct payment percentages
Provides visibility to totals and variances on volume, price & revenue
Creates entries to send to revenue system for distribution or to G/L for owner share
1099s
Handle IRS reporting requirements by print or electronic file
Provides a supporting schedule listing all payments made with check date, number and detail
Supports 1099-MISC, INT, DIV, R, S, 1098-Mortgage Interest, 1042–Foreign Withholding, and DR21-W (Colorado Withholding)
Extracts data from check history to complete these forms (except 1099-R and 1099-S)
Updates your system files and formats to comply with IRS requirements
Additional Functionality
System runs unlimited sets of books
Unlimited financial reporting groups at various levels
Consolidation and multi-company roll-ups available
Unlimited number of division orders (DOs) allowed for a property
Lease-level & owner-level correction utilities for revenue and billing
Reports include: Missing payments & check stub variance analysis
Check stub contains both 100% and owner’s share
Electronic data import of check stub detail (e.g. CDEX, csv)
Operator Package Core Modules
Add-On Modules to Consider
Extend the functionality of WolfePak with various add-ons that automate and integrate multiple functions and processes.
Resources
Data Sheet
