Press

TouchstoneEnergy transforms Joint Venture Accounting with their Cutback Automation Process


Oil and gas joint venture accounting requires accurate allocation of costs to partners and creation of Joint Venture Interest Billing statements and invoices for cost recovery.

Constant changes in equity creates complexity for the JV accounting function. With TouchstoneEnergy's automated cutback system, companies can make ownership adjustments quickly and easily, with a full audit trail, enabling fast and accurate reporting to partners.

TouchstoneEnergy's Cutback automation process generates all of the necessary accounting entries, taking caps and carries into consideration along with equity changes with none of the limitations of traditional accounting systems.

Read all the key features and benefits



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://touchstoneenergy.co.uk/

Touchstonejoint ventureoil priceexpenditureexplorationProduction OptimisationProductionAccountingBusiness ProcessUnited Kingdom

More items from marcuskelly


Building and maintaining a modern asset ecosystem

In this opinion piece we discuss the importance of maintaining an Asset Ecosystem, how to leverage the benefits of an asset maintenance system using industry best practices and assessing and identifying strategic assets you can apply a comprehensive asset maintenance strategy too. Managing a mode ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoOpinion > Asset Managementasset management systemmaintenance +6

Modernising plant & equipment: Adopting industry best practice maintenance strategies

While the major price swings of energy production in the last decade may seem like they're firmly in the past, the future of the energy sector is anything but certain. Many companies have learned lessons from the industry's unexpected turns and implemented processes that are designed to avoid past ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoOpinion > Plant EngineeringMaintenance StrategyMaintenance and Reliability +6

TouchstoneEnergy launches Infor EAM Fast Track

TouchstoneEnergy launches Infor EAM Fast Track. An Infor Enterprise Asset Management implementation in less than 4 weeks. Infor EAM is a comprehensive enterprise maintenance management solution that provides users with instant access to critical information allowing your organisation to optimise as ...

Marcus Kelly - TouchstoneEnergy


Posted 9 months agoPress > Asset Managementasset management systemTouchstone +4

Everyday is Different Part 5: Onsite Project Delivery in West Africa

Welcome to the final part of a series of blogs by Sarah Davis - Service Delivery Manager at TouchstoneEnergy. In this series Sarah will walk you through the journey of a new project manager at TouchstoneEnergy and their experiences onsite at their first international project: Delivering a new fin ...

Marcus Kelly - TouchstoneEnergy


Posted 11 months agoOpinion > Africaafrica oil and gasProject Management +5

Everyday is Different Part 4: Onsite Project Delivery in West Africa

Welcome to Part 4 of a 5 part series of blogs by Sarah Davis - Service Delivery Manager at TouchstoneEnergy. In this series Sarah will walk you through the journey of a new project manager at TouchstoneEnergy and their experiences onsite at their first international project: Delivering a new fina ...

Marcus Kelly - TouchstoneEnergy


Posted 11 months agoOpinion > Africaafrica oil and gasProject Management +5
All posts from marcuskelly