Joltly + QuickBooks: Real JIBs, Real Revenue, Real Easy

Hey everyone — wanted to do a quick walkthrough of how Joltly works with QuickBooks.

When we first started Joltly, we were going to be an AP system and that was it. But the longer we've been in the market, the more feedback we've gotten from customers asking for something that actually integrates with QuickBooks and works for small oil and gas operators.

Here's the thing about QuickBooks — it's a great accounting tool, but it wasn't built for our industry. Two big issues come up over and over:

• No real JIB module. QuickBooks just doesn't do joint interest billing. There's no native way to do it.
• Revenue distribution is messy. Distributing revenue to partners through QuickBooks alone is painful.

The good news: QuickBooks has fantastic APIs. They're easy to work with, and we can build pretty much anything we need to push and pull data and get it right. So that's what we did.

You don't need to use Joltly's bills module to get value

Quick callout — our AP/bills module is great, and I'd recommend you use it. But you don't have to. The QuickBooks integration works whether or not you're using Joltly for invoicing.

Real JIBs, automatically

Here's the core of it: upload your revenue to Joltly, and on the settlement side we'll pull in your expenses directly from QuickBooks.

Once we have your source transactions, we map them. We can create pseudo well decks and expense decks so you see your expenses broken down by partner. From there, we generate JIBs automatically. These run monthly by default.

There are a lot of levers you can pull to make this work the way you need it to:

• Sync settings — control exactly how data moves between QuickBooks and Joltly
• Custom types — set up the categorizations that match your books
• QuickBooks mappings — line up your accounts the way you want
• JIB settings — choose whether things push back as journal entries, checks, AR payments, or whatever else fits your workflow

That last one is important. Different operators want different things, and we built the integration so you can pick what makes sense for your accounting setup.

Partners can pay you directly

When a JIB goes out, your partner gets the data and can pay it right away — no waiting on a check in the mail. That said, if you're old school or you just like the security of checks, totally get it. You can download the JIB and mail it the traditional way.

Same thing on the revenue side

Because we're already pulling in your revenue, we can run the same workflow in reverse:

• Distribute your revenue across partners
• Approve the payments
• Send the ACH directly to your partner's bank account

Your partners get a remittance email with a PDF breaking down their revenue. Clean, fast, and they don't have to chase you down.

Who this works best for

The QuickBooks module is built for small to mid-sized operators who are comfortable with QuickBooks and want to make it work without leaving the system. If that's you, this is going to save you a ton of time.

Pricing is on our website — we're always super transparent about how it works.

If you want to see it live, jump on a call with me. I'm Harrison, one of the founders. We can walk through the data and answer any questions you've got.

[Book a call ]

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