HUB Bytes

Chart Of Accounts

Did you know we overhauled the Chart of Accounts functionality in the Daily Field Reporting service module?

With our latest Oilfield HUB – Daily Field Reporting release, the Chart of Accounts function has been expanded to include new user permissions and centralized or decentralized lists configurable down to the project level.  Now, all GL account details are managed within a single master or multiple Chart of Accounts based on your corporate reporting structure and field operations.

HUB Benefit

When managing costs on any number of wells, and a larger number of wellsite projects, it is vital that the users in the field have access to the most accurate, and up-to-date chart of accounts for allocating project costs and producing accurate and relevant field reports.   Our Producer and EPC clients asked us to simplify the wellsite supervisor user experience for entering and tracking project costs to minimize needless confusion, and eliminate extra overhead costs to fix avoidable daily cost reporting mistakes, and we listened!