Upstream Enterprise Accounting Software
Automate Back Office with Fully Integrated Accounting Workflows
Streamline Operations with End-to-End Upstream Accounting
Replace a myriad of systems and spreadsheets with My Quorum Accounting. This single-vendor platform is purpose-built for oil and gas, enabling the effective management of all accounting operations from AFEs to financial statements.
Track Dollars from Exploration to Distribution
Predict and report project and company profitability when every dollar counts. My Quorum Accounting enables greater control, sets budgeting limits, and monitors spending. Maximize your bottom line, managing assets and inventory from any device.
Work Faster Without Sacrificing Quality or Compliance
Reduce input errors, enhance compliance, and boost confidence in data quality with My Quorum Accounting. Automate critical elements of your close processes including check processing, rebills, valuation, distribution, workflows, and more.
Pull Reports Whenever & However You Want
Generate financial reports in your preferred format, whether ad hoc, custom, or standard. Assess operational status, prepare monthly or annual reports, and anticipate future production activity.
Maximize Partnerships with Joint Interest Billing
Engage in profitable joint ventures and partnerships. My Quorum Accounting’s functionalities include Joint Interest Billing (JIB) which can ensure you are properly billed and receive payment for shared costs, drilling into joint venture activity.
Meet Unique Business Needs with Best-in-Class Integrations
Capitalize technology assets with a one-time investment in My Quorum Accounting. Focus fully on your assets, minimizing cross-department transactions with Quorum’s Enterprise Land integrations and Upstream On Demand suite’s well and production operations solutions.
Centralized Document Management Integration
Boost productivity and efficiency with Dynamic Docs' robust document search capabilities. Quickly convert and store land and well files digitally, saving time and enabling swift access to reliable information. Enhance data integrity, cut costs without hiring additional staff, and improve accessibility.
Accelerate Productivity with Innovation & Intuitive Usability
Address the most intricate of challenges with a fully integrated enterprise software solution. Built on two decades of refinement, adaptive business logic and system controls offer continuous enhancements to workflows and interfaces.
Unmatched Customer Support with Years of Oil & Gas Expertise
Minimize training and onboarding efforts, effortlessly adopt My Quorum Land. Experience top-tier customer support and trust-based relationships with proactive solutions that consistently exceed NPS and CSAT benchmarks, year over year.
Ensure Synergy Across Accounting & Land Teams
Discover enhanced business practices with seamless integration between My Quorum Accounting and Land solutions. Learn how monthly accounting functions in land and accounting eliminate redundant transactions, optimizing efficiency.
200+
Leading Energy Companies Use
My Quorum for Operational Accounting
150K
Managed Wells
Across the U.S.
85%
Improvement in AFE
& Invoice Approval Times
Complete Upstream Enterprise Accounting
Achieve seamless enterprise integration and meticulous cost control from any device. Gain a comprehensive view of financials with a world class oil and gas accounting ERP suite, My Quorum Accounting. Utilize real-time budgeting and reporting, manage present and future projects, and ensure maximum data oversight to track all your financial needs from anywhere on the web.
My Quorum Accounting Key Features
Customize a complete accounting solution with integrations for General Ledger and Accounts Payable and Receivable. Stay effective from any device, managing cost estimates, Authorization for Expenditures (AFE) approvals, and budget tracking. Maintain control with monitored expenses and automated partner billing statements through Joint Interest Billing (JIB).
Eliminate manual calculations and automate revenue distribution, taxes, and owner adjustments. Enhance data accuracy and visibility while maintaining property ownership with division order processes, quick ad-hoc queries and reporting. Streamline tasks and boost user efficiency across locations with cost accounting.
Efficiently handle inventory, depreciation, and depletion calculations for your company assets. Utilize an end-to-end solution for first purchasers, covering producer settlement terms, ticketing, settlement, distributions, severance tax calculation, and more.
On Demand Accounting—A True Cloud-Powered Solution
Just getting started or ready to transition from your existing system? Explore a next-generation, intuitive solution. Designed specifically for the energy business as a part of Quorum’s Upstream On Demand suite of solutions, On Demand Accounting helps track revenue, manage decks, and run reports.
FAQs
My Quorum Accounting is an upstream enterprise accounting software solution purpose-built for oil and gas operators managing complex, multi-entity portfolios at scale.
The platform supports end-to-end upstream accounting from AFEs to financial statements, enabling operators to track dollars from exploration through distribution within a single system of record.
Core capabilities include:
- Revenue accounting and Division of Interest (DOI) management
- Joint Interest Billing (JIB)
- Authorization for Expenditures (AFE) budgeting and capital tracking
- General Ledger, Accounts Payable, and Accounts Receivable
- Fixed assets and inventory management
- Cost accounting, depreciation, and depletion calculations
- Regulatory and tax reporting
By replacing disconnected systems and spreadsheets, My Quorum Accounting eliminates information silos across land, production, and accounting teams while reducing IT overhead and improving operational efficiency.
My Quorum Accounting automates revenue distribution, owner payments, tax calculations, and partner allocations within governed financial workflows.
Joint Interest Billing (JIB) supports complex partner structures, multi-well allocations, and high-volume billing cycles with full audit visibility.
The system includes built-in AFE budgeting capabilities that integrate directly into financial workflows, enabling real-time tracking of approved capital against actual expenditures. For higher-volume capital programs, My Quorum Accounting also positions alongside Execute AFE for extended capital execution and approval workflows.
Yes. My Quorum Accounting maintains a centralized ownership model with effective dating, historical tracking, and automated entitlement updates.
Division of Interest (DOI) changes, ownership transfers, and suspense processing are managed within structured workflows that preserve full audit history.
The system supports large-scale ownership updates across multi-entity portfolios while maintaining accuracy for revenue distribution, tax reporting, and compliance requirements.
My Quorum Accounting integrates with enterprise production systems, including On Demand Production Operations and other production platforms, to align validated production volumes with revenue accounting and expense allocations.
Volume data flows into financial workflows through controlled integration mechanisms, reducing manual reconciliation, and ensuring financial results accurately reflect operational activity.
Secure REST APIs support integration with third-party ERP, production, data warehouse, and analytics platforms while preserving governance and traceability within the accounting system of record.
My Quorum Accounting includes enterprise-grade internal controls, role-based permissions, and detailed audit trails across all financial workflows.
Every transaction, ownership update, adjustment, and reclassification is fully traceable. Configurable approval workflows, validation rules, and system controls support internal governance, regulatory compliance, and audit readiness across large organizations.
My Quorum Accounting can operate as the enterprise upstream subledger or integrate directly with corporate General Ledger (GL) systems within a broader financial architecture.
The platform supports configurable account mapping, intercompany transactions, multi-entity consolidation, and structured data synchronization.
Secure integration mechanisms and REST APIs enable controlled exchange of financial data with enterprise ERP environments while maintaining accounting system-of-record integrity. This architecture supports both centralized corporate finance models and decentralized operating structures.
My Quorum Accounting includes a comprehensive reporting framework designed for enterprise upstream operations.
The system supports:
- Standard financial statements and subledger reports
- Revenue and JIB reporting
- Regulatory and tax reporting
- Production revenue analysis
- Ad hoc and custom reporting
Real-time budgeting, forecasting, and reporting capabilities provide critical insight into financial and production performance across the enterprise. Finance teams can generate operational, compliance, and executive-level reports while maintaining traceability to underlying transactions.
My Quorum Accounting integrates natively with My Quorum Land and soon with On Demand Land, synchronizing Business Associates, Cost Centers, Wells, Leases, and Payments across land and accounting workflows.
This integration reduces manual reconciliation and ensures financial workflows reflect current land positions without duplicate data entry across teams.
Secure REST APIs support integration with third-party land platforms while preserving governance and auditability.
My Quorum Accounting integrates with Dynamic Docs to centralize and govern supporting financial, land, and operational documentation.
Invoices, division orders, contracts, and supporting records can be digitally stored, searched, and linked directly to accounting transactions. This integration enhances productivity, improves data integrity, reduces manual document handling, and supports audit readiness across the enterprise.
My Quorum Accounting is hosted within Quorum’s secure Q Cloud infrastructure, providing enterprise-grade hosting, configurable architecture, and advanced security controls.
Role-based access controls, detailed audit trails, and governed financial workflows align with corporate internal control requirements. Q Cloud hosting delivers the performance, stability, and configurability required for large, complex accounting environments.
My Quorum Accounting is designed to support high transaction volumes, multi-entity consolidation, and complex ownership structures across large upstream organizations.
The platform supports portfolio growth, mergers, divestitures, and reorganizations without compromising reporting accuracy or financial control. Bulk processing capabilities and configurable workflows ensure consistent performance as transaction volumes and operational complexity increase.
My Quorum Accounting is a purpose-built oil and gas ERP solution designed for enterprise operators requiring deeper configurability, dedicated hosting architecture, and support for complex multi-entity financial structures.
Hosted within Q Cloud, the platform provides greater architectural flexibility and customization options than multi-tenant SaaS solutions, while maintaining governance across revenue, JIB, capital management, and regulatory workflows.
Unlike generic accounting platforms, My Quorum Accounting delivers end-to-end upstream enterprise accounting with integrated land, production, and document management capabilities in a unified oil and gas ERP suite.