Time is money, save both
Joint interest billing is the #1 reason why accounting gets difficult in the oil and gas industry. Not only are you tracking your own expenses, but you also need to track your partners expenses and make sure they get billed the correct amount. And once they have been billed, you then need to make sure you get paid. In the past, it has been extremely difficult to do this with a platform like quickbooks.
Related on Joltly: QuickBooks for oil and gas accounting.
This means that if you were looking to streamline this process, you would have to use one of the industry incumbents like Quorum, Wolfpak, or OGsys. If you are a large operator this is likely your path of least resistance. These companies will do a great job of getting all you data in one place and streamlining your process.
But, what if you aren’t a big operator and can’t justify the cost of one of those systems? You are left with a couple of options. If you are on quickbooks, one option is to adopt a product like Joltly. Joltly will create the JIBs for you outside of quickbooks, and then import your expense data into quickbooks once JIBs have been sent out.
The other option is to have a book keeper who is very experienced with Quickbooks. The book keeper will need to code each expense to a specific JIB and keep a close eye on the coding to make sure it works okay. I have seen operators make this work, but it will require extra time and be quite manual.
Industry specific ERPs - I would expect to pay between 750 - 1500$ per user per month for and Oil and Gas specific accounting system
Joltly - Joltly is a flat rate of 250$ per month if you have less than 200 invoices per month. Unlimited users
Quickbooks - Quickbooks will range between 75 - 300$ per month depending on company size and needs.
Get quick answers to common queries in our FAQs.
You only pay for what you use — no seat fees and no modules you don't need. Pricing is a monthly platform fee plus usage on documents processed, ACH payments, mailed checks, and the workflows you turn on. We size it to your actual monthly close so it scales with the work, not your headcount.
A smaller operator running 25 documents, 10 ACH payments, and 2 mailed checks a month would be priced on that exact volume. A larger operator at 100 documents, 50 ACH payments, and 10 checks pays predictably more. You always know what you're spending because it tracks the actual close.
Joltly connects directly to QuickBooks and Quorum On-Demand Accounting, and supports file-based export workflows for systems like PakEnergy and Integra. It manages accounts, items, vendors, partner mappings, JIB clearing, revenue liabilities, and netting accounts inside your existing setup.
Both sides of settlement. On expenses: invoice review, GL coding, approvals, JIB creation, ACH and check payments. On revenue: statement OCR, partner distributions, remittance emails, and netting between JIB receivables and revenue payouts — so your team replaces spreadsheet work and email follow-up during close.
Yes. Your wells, partners, revenue interests, GL mappings, approval flow, export formats, and partner-facing statements are configured per operator. Most customers go live on their existing chart of accounts and ERP setup — no rebuild required.
