BOLO offers a better way

E&P companies that continue to track and calculate DD&A using complex, complicated spreadsheets risk miscalculating DD&A and misrepresenting the asset base of the company. Additionally, spreadsheets compromise internal controls.

A valuable asset to your company

The BOLO Asset Tracking Module manages your Fixed Assets, both Oil & Gas properties and furniture and fixtures. Fully integrated with Accounts Payable and General Ledger, it tracks materials inventory, allocates and classifies leasehold costs, calculates and books GAAP and Tax DD&A and processes integrated Material Transfers. What’s more, having Tax and GAAP books integrated and available for audithelps ensure that you are in full compliance.

BOLO enables you to:

Record the Business

• Define and manage the parts you track in warehouse inventory and on the property
• Integrate material transfer workflow with parts inventories, DD&A and JIB

Manage the Business

• Automate GAAP and TAX DD&A calculations for both full cost and successful efforts accounting and have the system book the accounting entries
• Manage leasehold costs, including write-offs, allocations and reclassifications between producing and non-producing properties using simple tools