Oil & Gas Accounting Software
Streamline Your Daily Upstream Accounting Activities
Lower Costs with Safe and Secure Accounting and Reporting
Simplify operations, reduce overheads, and scale for growth on the cloud with SOC 2 Type 2 compliant SaaS solution. Seamless upgrades are delivered to the platform at no additional cost with zero downtime—giving you the latest version, always.
Access Critical Financial Data Anytime, Anywhere
Designed with innovation and intuitive usability, safely interact with critical information through mobile devices with our versatile web-based approach and unique architecture.
Optimize Accounting Workflows with Advanced Notification Tools
Expedite decision-making with cutting-edge notification and communication processes. Save time and eliminate manual interventions with automatic alerts and expense distribution, our platform empowers seamless collaboration across your team.
Experience Instant and Reliable Accounting
Leverage real-time financial insights with On Demand Accounting. Experience immediate recognition of net amounts for better efficiency and a complete elimination of the month-end waiting period. Instant and reliable accounting is available through a cloud-based integration.
Meet Unique Business Needs with Best-in-Class Integrations
Unlock new workflows through native integrations to Upstream On Demand suite’s land, production, well operations, and Execute’s AFE Management solutions that minimize cross-department hand offs and allow your organization to fully focus on its assets.
Flexible and Robust Financial Reporting with Data Hub
Streamline sharing of financial insights with On Demand Data Hub that gives an organization unbridled access to data across seamlessly connected cloud applications, giving you the agility to make rapid, informed decisions and drive your business forward.
Accelerate Productivity with Rapid Adoption of Accounting Software
Crafted with innovative design and intuitive usability to streamline training, rapidly onboard and provide long term enhanced productivity. Gain swift access and drive immediate business results.
Unmatched Customer Support with Years of Oil & Gas Expertise
Experience best-in-class customer support and trust-based relationships with proactive solutions that consistently exceed NPS and CSAT benchmarks, year over year.
Integrated Oil & Gas Land Payments
Ensure land payment accuracy and avoid duplications or lost data with the seamless integration of On Demand Land with On Demand Accounting. Achieve greater success in managing your company’s land and accounting operations with Upstream On Demand.
10%
Reduction in Processing Time
with Smoother Workflows
130+
Years of Oil and Gas
Accounting Experience
100+
Customers that Form a Large
and Growing Ecosystem
On Demand Accounting Key Features
Ensure appropriate approvals and payments are made. Electronically manage invoices, track due dates based on vendor terms, and utilize Dynamic Docs with AP Workflow to streamline manual AP invoicing processes.
Efficiently manage revenue decks, expense decks, and well allocations. Record purchaser checks, track owner revenue statuses, print revenue checks, input monthly revenues, costs, and taxes for distribution to royalty owners.
Streamline close cycles while improving data accuracy by digitizing JIB and dividing partner expenses for joint ventures as per agreement terms. Seamlessly handles cost estimates, AFE approvals, and project budget monitoring across all devices.
Industry-Leading Oil & Gas Accounting Software in the Cloud
On Demand Accounting expedites approvals, helps you track revenue, manage decks, and run reports in just a few clicks with straightforward accounting software, purpose-built for oil and gas teams.
FAQs
On Demand Accounting manages revenue accounting and Joint Interest Billing (JIB) within purpose-built upstream workflows. The system supports revenue and expense decks, well allocations, owner distributions, and tax calculations in a single governed environment.
Revenue distributions, partner expense allocations, and transactions are processed within structured workflows that improve accuracy, reduce manual intervention, and streamline close cycles.
Yes. On Demand Accounting supports both traditional Net Revenue Interest (NRI) decks and automated burden-based decks on a per-property basis. Accounting teams can choose the level of control or automation needed without a global system constraint.
Burden decks automate NRI calculations by distributing royalty and override burdens from gross working interests, while maintaining full transparency into how each calculation is derived. Ownership changes, allocation updates, and suspense visibility are managed within structured workflows that preserve audit control.
This flexibility enables faster deck setup, fewer manual reconciliations, and greater confidence across complex ownership structures.
On Demand Accounting includes structured controls for month-end close, accrual processing, and reclassifications. Financial adjustments are tracked with full audit visibility, supporting internal controls and compliance requirements. Because the system operates in a cloud-based, real-time environment, accounting teams maintain visibility into financial positions throughout the month rather than relying solely on batch-based closing processes.
Yes. On Demand Accounting supports severance tax calculations and audit preparation within upstream-specific workflows. Distribution records are maintained with traceable documentation to support regulatory and audit requirements. All financial transactions and adjustments are auditable within the system.
Yes. On Demand Accounting includes a full General Ledger, Accounts Payable, and Accounts Receivable as core components of the upstream accounting system. These capabilities are purpose-built for oil and gas operators, supporting multi-entity financial management, invoice processing, owner payments, and receivables tracking within a single governed platform.
For organizations requiring synchronization with a separate corporate GL or ERP, secure REST APIs support controlled data exchange while preserving governance within On Demand Accounting.
On Demand Accounting includes built-in financial reports, structured query tools, configurable chart of accounts views, and reconciliation workflows designed for upstream accounting teams. Users can generate operational, management, and compliance-focused reports while maintaining traceability to underlying transactions.
On Demand Accounting integrates natively with On Demand Land, synchronizing ownership interests, well decks, allocation groups, and payment data across land and accounting workflows. This native integration reduces reconciliation effort and supports a shared system of record across teams.
With On Demand Production, accounting leverages production volumes and well allocation decks to drive expense and revenue allocations. Production volumes can be imported and validated within structured controls, enabling volume-based allocation processing that generates AP voucher expenses and revenue voucher entries inside On Demand Accounting.
For enterprise visibility across land, accounting, production, and operational systems, the On Demand Data Hub provides a governed data layer that supports connected dashboards and cross-application reporting while maintaining control within each source application.
For organizations using third-party land, production, ERP, or financial systems, secure REST APIs enable controlled exchange of financial, ownership, and operational data while preserving governance and auditability within On Demand Accounting.
On Demand Accounting supports capital budgeting and cost control by aligning AFE headers, budgets, account codes, cost centers, and working interest ownership within a unified workflow.
Field estimates and approved budgets are maintained alongside financial actuals, enabling real-time visibility into spend against AFE limits. As invoices are processed, actual costs are applied against the appropriate AFE, helping teams monitor budget status, reduce overspending risk, and maintain capital discipline.
This integration is enabled through On Demand Accounting’s connection with Execute AFE, ensuring operational planning and financial reporting remain aligned while preserving governance and auditability across systems.
On Demand Accounting is a cloud-native SaaS platform that meets enterprise-grade data security standards and SOC 2 Type 1 and Type 2 requirements. All transactions, adjustments, and user activities are auditable, supporting internal controls, regulatory compliance, and governance requirements.
On Demand Accounting is designed to support growth, mergers, divestitures, and increasing transaction volumes through scalable architecture and configurable workflows. Organizations can manage expanding asset portfolios and ownership complexity without performance degradation.
QAI Support is an AI-powered assistant embedded directly within On Demand Accounting. It provides real-time guidance on product functionality, accounting workflows, and knowledge resources without requiring users to leave the application.
Users can ask product-related questions, receive contextual explanations, and log support tickets directly within the interface. QAI Support accelerates onboarding, reduces time spent searching documentation, and improves issue resolution efficiency.
QAI Support operates within the scope of product knowledge and does not access or analyze customer financial data.
Unlike generic ERP platforms, On Demand Accounting is purpose-built for upstream oil and gas accounting, including revenue distribution, Joint Interest Billing (JIB), Division of Interest (DOI) management, and volume-based allocations tied to production data.
The system supports configurable NRI and burden decks, owner-level effective dating for audit visibility, structured suspense tracking, and automated allocation logic designed specifically for complex energy ownership structures.
This upstream specialization reduces customization requirements, improves financial accuracy, and delivers audit-ready transparency without sacrificing scalability.