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Core accounting is the central source of data that supports numerous departments and compliance requirements through the capital lifecycle.
Takes accounting out of the field and allows for accurate tracking of costs throughout the project and asset lifecycles, providing data to support and comply with regulatory recovery and tax optimization.
Among its many powerful capabilities ...
Project Accounting
Manages your spend and accurately accounts for your construction and removal costs while tracking special regulatory and tax treatment.
Month End Close
Prepares journal entries to be sent to your General Ledger through a traceable, optimized, centralized processing hub to manage your monthly closing process.
Unitization
Allows for classification of assets at in-service to start depreciation prior to final unitization.
Asset Accounting
Tracks all record keeping in a single source and enables classification of mass asset records by vintage, FERC account and different sets of books.
Depreciation
Applies group depreciation from in-service to retirement while tracking life and net salvage separately, providing detail to support regulatory proceedings.
Reporting and Insights
Provides actionable insights and visibility into granular data detail in a centralized location.
Project and Fixed Asset Accounting is the only solution that meets the energy utility accounting needs ensuring compliance and providing data required for tax optimization and regulatory capital recovery.
Its features and complex calculations purpose-built for the energy industry allow you to have confidence and visibility into your data and enable you to spend less time data gathering and more time on analysis and decision making.