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.

 

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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 your revenue process

Validates revenue to division order for correct payment percentages

Provides visibility to totals and variances of volume, price & revenue

Creates entries to send to revenue system for distribution or to G/L

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)

Add-On Modules to Consider

Extend the functionality of WolfePak with various add-ons that automate and integrate multiple functions and processes.

Resources

See how you run with WolfePak

To see how WolfePak can help your growing business run leaner and faster, call us at (325) 677-1543

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