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CALL ME

TAKE THE QUIZ
CALL ME

TAKE THE QUIZ


LET'S BE REAL. WE KNOW YOU DON'T LOVE YOUR OIL AND GAS ACCOUNTING SOFTWARE.

The world is always changing, so why does most oil and gas accounting software
look like it’s 1994?
We pair a powerful, automated way to manage your oil & gas bookkeeping with an
innovative opportunity to reduce your headcount, streamline your back-office,
and give you an unfair advantage in the pursuit of becoming low(est)-cost
operator.
That's right: one tab to replace it all™ – the future of oil & gas never looked
so bright!
TAKE THE QUIZ



•  AS SEEN ON  •               • AS SEEN ON  •               • AS SEEN ON  •    
          • AS SEEN ON  •            

ILOAGA DASHBOARD 🥰


SOME THINGS YOU PAY FOR.
THE BEST THINGS PAY FOR THEMSELVES.

Our proposition is simple: You run your business. We’ll handle your oil & gas
finances and bookkeeping. 

Not only do you get the luxury of a dead simple, done-for-you oil & gas
accounting, but thanks to our effortless ILOAGA (i love oil and gas analytics😘)
dashboard and custom reporting it’ll pay for itself (and then some).

IHOAGA provides a complete bookkeeping, accounting, and finance solution for oil
& gas operators, investors, and royalty owners alike.

In short, we’re talkin’ (1) cost reduction through less employees, (2)
streamlined ops by leveraging our ‘bot-keepers’ (where AI meets bookkeeper 🤓),
and (3) blockbuster margins through data-driven decision-making presented to you
via a dead-simple software interface.

What more could you ask for?! 😄

TAKE THE QUIZ

Robots don't retire, quit, and they're never late 🤖


HIRE ROBOTS, SAVE TIME.
IT'S THAT SIMPLE.

Robots don’t sleep. Our robots — that is, our software — help you maximize
returns while minimizing your time suck. Our oil & gas bookkeepers (ranked top
3% in the world) combined with our software can typically turn around your books
6x faster when compared to companies sourcing bookkeepers or outsourced
accounting companies to pull the cranks.

TAKE THE QUIZ


Cut the fat 💸


AND NOT JUST MONEY, SAVE YOUR TIRED EYEBALLS (AND EXCUSES), TOO.

Time is money. And by letting IHOAGA do the accounting — which unlocks and
highlights the opportunities to double down or cut the fat in each element of
your operations — we’ll unglue you from the time-suck that’s your oil & gas
accounting drudgery. 

No more delays. No more excuses. No more “end of the month crunch”.

Just perfect books and mind-blowing insights into your ops delivered straight to
your phone. All without you (or anyone else on your team) lifting a finger. ☝️🚫

TAKE THE QUIZ

Our Secret Recipe 🥣👨🏻‍🍳


BUILT BY OUR SOFTWARE EXPERTS.👨🏻‍💻 MANAGED BY OUR OIL & GAS FINANCE AND
ACCOUNTING EXPERTS.👩‍🏫

Our secret recipe? Homemade automation. We’re constantly looking for those magic
ingredients that can help streamline your accounting. Here’s how it works:


STEP ONE ☝️

We identify the bottleneck. How so? Pretend your oil & gas co is a Cafe and each
oil & gas asset is a slice of Pie. A slice of rhubarb pie (no fringe pie here!)
goes for a premium — $10. But your cash outlay and the time it takes to bake the
crust, heat the oven, and contract the kitchen staff costs you $8.50 which
leaves you with a buck fifty (ain’t much to go ‘round these days, eh?)




STEP TWO ✌️

The only way to get outta the kitchen is to streamline it. Thanks to our
super-smart software, IHOAGA both rents and staffs its own “centralized kitchen”
which delivers your Cafe hot pie daily. 

Through economies of scale, not only is IHOAGA able to source the best bakers
and ingredients (ie better tasting pie) but we’re also able to specialize and
refine our craft to get that pie cost down from $8.50 to $2 and change making
you wildly profitable.




STEP THREE 🙌

Now, with no kitchen staff to manage and no pie to bake, not only are you able
to get out of the kitchen but you now have time to think. 

With time, you start talking to other cafe owners – cafe owners who ‘can’t shake
the slog of running a cafe’. 

You offer to buy their marginally profitable cafes and carve out an even larger
portion of pie-eating market share for yourself. 

And while you continue to lick your chops — IHOAGA keeps delivering hot,
delicious pie while you become the most renowned, well-to-do pie baker in
town.🥧🏆👨🏻‍🍳



Still hungry? 🙇🏻‍♀️


SEE OUR PROCESS BY CLICKING BELOW...


IN SUMMARY...


YOUR NEW OIL & GAS ACCOUNTING WORKFLOW...


FIRST: FORWARD

Scan or forward your invoices, check stubs, and the like to IHOGA’s bookkeeping
department


SECOND: SIT BACK

We organize and enter all your bookkeeping and accounting


THIRD: ENGAGE

Login to your ILOAGA Dashboard to review every element of your company’s
performance and profitability and get your socks blown off 🌬🧦

Legacy Software Outsourced Accounting Contract Length No contract.
Cancel anytime Minimum 1-3 year contract
☠️ Negotiable Set-up fees None $2-250K (depending on size and complexity)
💸 Negotiable Training fees None $2-100K (depending on size and complexity) 💸
None Training required to reach fluency of Core functionality 20 minutes 40
hours minimum (will require months or even years to reach complete system
fluency...) 🤦🏻‍♂️ N/A Help desk 24/7 helpline, 8-5 in app chat.
Free. Yes (paid either by the hour or annual rate) 💸 N/A Response time
forAccounting-based queries and reports On-demand, available to anyone on the
team, from their mobile device 📲 On-demand (but only for those who've trained
on software...) 😬 Could take hours or even days (imagine trying to answer a
simple inquiry for a vendor 🤦🏻‍♂️) Financial & Analytical-based dashboards and
insights On-demand, available to anyone on the team, from their mobile device 📲
Ana-what? 🤷️ Dashboard-what? 🤷️ Mobile first platform (access from smartphone)
Elimination of Key-Man risk Depends on size and number of redundancies of
service provider 🤔 Cloud-based solution Some of them 🤷️ Shrinkabiliity Simply
send more work – our bots are hungry! 🤖 How fast can you find/hire/train
talent? 🙄 Depends on size and number of redundancies at service provider 🤔
Scaleabilty Simply send less work. Must consider inevitable boom/bust nature of
industry as well as time required to train only to let someone go 😓 Simply send
less work. Amount of hands-on management required Robots don't quit, retire, or
complain 😉 High-touch management w/ high visibility into ops Low-touch
management w/ low visibility into ops Error prone Our bot-keepers guarantee a
99.8% rate and are backed by our Financial Experts review all entries To which
month will you assign a deferred revenue item? How will you categorize this
one-off expense? 😫 Your bookkeeper will still make mistakes from time to time
🚩 Accessibility to Expertise Our Financial Concierges rank in the top 3% of oil
and gas accounting experts and available to talk with you 🤓 Depends Depends Get
Started


01. TRACK PROFIT 💰

Track your entire business top-to-bottom.


02. AUTOMATED REPORTS 📑

Send daily, weekly or monthly reports to anyone in the company or outside
investors.


03. MAKE LTV PREDICTIONS 📊

Forecast & track your most crucial metrics.




04. MODEL CAUSE & EFFECT 📈📉

Compare oil and gas prices to understand how they affect your business.


05. OPERATOR CALCULATOR 🧮

Adjust and tweak key indicators to understand how they affect your profitability
(then execute!)


06. MULTIPLE COMPANIES 🏢🏢🏢

IHOAGA centralizes the metrics from all your oil and gas operations, right into
your pocket.

STOP THE SLOG 🕺


STOP THE SLOG 🕺 WHY FORWARD-THINKING OIL & GAS COS CHOOSE IHOAGA


EXPERTISE AND DEDICATED SUPPORT

Our finance and accounting experts are focused on helping you reach your goals.
Get a dedicated IHOAGA finance team with expertise in all things oil and gas.


TEAM OF EXPERTS UNDER ONE ROOF

We offer comprehensive finance support from strategy to operations. Make
decisions with a clear picture of your financial health—where it is today and
where it needs to go.


PARTNER THAT GROWS WITH YOU

Can you hire enough bookkeeping and admin talent to keep up with your growth?
Hell, why would you even want to?

We match our engagement and level of support to your business needs. Whether
you’re just starting out or scaling quickly, our resources scale with you at
every stage of your journey whether it’s one asset or one hundred thousand.


🏗

DOLLARS AND SENSE 🤑


LET'S BUILD (THE MOST PROFITABLE VERSION OF) YOUR BUSINESS.


ACCELERATE YOUR GROWTH

Uncover opportunities and specific criteria—from Operator Analysis to Well
Profitability, Vendor Comparisons, JIB expense variance tracking and more — that
increase cash flow, operating margins and profitability.

TAKE THE QUIZ



INCREASE CONTROL OVER YOUR FINANCES

Chart your company’s course with accurate production forecasts and real-time
financials. We customize this for you block-by-block, from revenue to net
income. 

TAKE THE QUIZ




AVOID COSTLY PITFALLS

Establish the financial infrastructure and hygiene that’s poised for maximum
operational efficiency and impresses investors (even your wife!), from AFE
capital calls to working interest owner JIB payments outstanding.

TAKE THE QUIZ



YOUR ASSET PORTFOLIO
FROM 10,000 FEET

Stop digging through rows, columns, and tables of some clunky outdated mess. Get
a birds-eye view of your top-performers (and get a better handle on those those
dog wells, too) – all straight from your mobile device.



YOUR FULL FINANCE STACK

If you don’t understand your financial statements (or don’t know how to access
them), you’re at the mercy of your bookkeeper, accountant, or legacy software
system. IHOAGA goes beyond bookkeeping services to offer everything you need for
your business’s financial management.

 
TAKE THE QUIZ




BOOKKEEPING

Our expert bookkeepers (top 3%) are supported by the most comprehensive oil &
gas accounting software in the industry, ensuring books with unmatched accuracy.
Plus, get oil & gas financial reports specifically tuned to operators and
investors, with metrics that matter.

TAKE THE QUIZ



EXPERTISE IN OIL & GAS

We know oil & gas–we’re investors. Our bookkeeping, finance, and software
services are built for self-funded independents, private equity backed
corporations, and everything in between. From profitability to future cash flow
models, you’ll get the financial support you need. Your monthly statements also
come with your burn rate–so you (and your investors) know the numbers that
matter.

TAKE THE QUIZ




UNMATCHED ACCURACY

Your reporting is only as good as your underlying data. Get modern bookkeeping,
powered by technology. We sync with your bank and check our work twice. Our
software auto–categorizes and identifies errors, and your personal finance
expert reviews and tailors every set of books. The result? Monthly financial
statements with unmatched accuracy–so you can get back to running your business.

TAKE THE QUIZ



ACCURATE STATEMENTS EVERY MONTH

Get a monthly report that includes the metrics that matter: your Income
Statement, Balance Sheet, Profit & Loss and more. Our mix of experts and
software deliver books with unmatched accuracy.

 
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DOCUMENTS ON DEMAND

Once processed, all documents are available from any device. That way, Investor,
Vendor, and Management questions can be answered immediately. Search for
documents by Vendor, Well, Lease, Job, Rig, General ledger account, Category
expense, AFE number, PO number, Check number and more. Whether it’s an accounts
payable inquiry, a well history drill down, an AFE review or General Ledger
inquiry any document is available at a clicks notice.

TAKE THE QUIZ



MAILHUB MONTHLY MAILINGS

The mail must go through and our robots can lick, stick, stuff, and mail – which
means we take care of your monthly mailings to revenue owners, vendors, and
working interest parties via physical mail or email. Everything from vendor
check stub detail, and owner revenue check stub detail to JIBs, Accounts
receivables statements, 1099 forms, division orders, gas balancing statements
and the like. We’re like your own personal ‘robot sweatshop’.

TAKE THE QUIZ




💸


SOMETIMES IT PAYS TO DO IT YOURSELF. NOT THIS TIME.

Save on overhead, expense, and the operational drag a legacy software demands
from you and watch our fee disappear. 🤝💰


GENERAL LEDGER

The General Ledger is the foundation of any good accounting system. Improve
financial control over the organization, speed up decision-making, and lower
costs.


ACCOUNTS PAYABLE

Fast, easy access to the information you need for day-to-day tasks and
period-end processing, including vendor statistics, aging expenses and
transaction information.


ACCOUNTS RECEIVABLE

With done-for-you invoice entry and recording of payments, automate, speed up,
and streamline every step of your collection efforts. Access up-to-the-minute
statistical summaries, summarized and detailed transaction listings, as well as
in-depth management insights – all from a single tab.


FIXED ASSETS

We classify, organize, and keep track of your assets – all as easy as a
shopkeeper inventorying his shelves. Assets can be classified by type and
expensed or depreciated accordingly to give you a complete fixed asset record.


🤖

CONTACT US


WE’RE LIKE YOUR OWN PERSONAL ‘ROBOT SWEATSHOP’.

TAKE THE QUIZ



JOINT INTEREST BILLING

Automate your JIB process to provide your working interest owners with complete
information regarding their well expense obligations.


REVENUE PAYABLES

Our robots enter, edit, and distribute received revenues and deductions on all
your oil and gas properties.


AUTHORITY FOR EXPENDITURE (AFE)

Gain complete control of capital costs and expenses throughout all phases of the
development project, from development, completion, work to misc non-JIB phases.


NON-CONSENT PAYOUT TRACKING

Turn-keyed tracking of non-consent working interest owners as well as calculate
and assign to other WI owners automatically


🕵🏻‍♂️

CONTACT US


UNCOVER OPPORTUNITY AND ACCELERATE YOUR GROWTH.

Uncover opportunities and specific criteria — from Operator Analysis to Well
Profitability, Vendor Comparisons, JIB expense variance tracking and more — that
increase cash flow, operating margins and profitability.

 

TAKE THE QUIZ


WELL DATABASE MANAGEMENT

Your centralized, user-defined codes such as lifting codes, status codes, well
groupings, and more – all maintained for you to provide you with maximum
flexibility


CHAIN OF TITLE ASSIGNMENTS & DIVISION ORDER PRINTING

Chain of title is complicated. We make it easy. We handle all your drilling,
completion and JIB interests so you don't have to.


LEASE OPERATING STATEMENTS

With multi-level profitability tracking with unequaled flexibility, gain
insights indispensable to operational management decision-making.


OIL AND GAS PRODUCTION REPORTING

We've teamed up with GreaseBook, a mobile app specifically designed for
operators and their pumpers. By importing your production from the GreaseBook
app, we reconcile your oil sales, and provide you with a multitude of oil and
gas production insights.


🧐

FOCUS ON WHAT MATTERS


ARE YOU FOCUSED ON THE RIGHT ACTIVITIES?

Every day, oil & gas companies lose key back office personnel to attrition,
retirement, low commodity prices, and the mailman. With IHOAGA we offer the
redundancies you require so you can focus on what matters: building your
business (not hiring and training new employees…)


TAKE THE QUIZ


INVESTOR PAYOUT TRACKING

Stay informed of each investors' payout position, and keep track of the payouts
of working interest owners – all as a by-product of perfect JIB allocation,
revenue distribution, and assignments.


LEASEHOLD DEPLETION & STATUTORY NET SCHEDULES

We do the heavy lifting, calculating cost depletion, cost depreciation, and dost
amortization all based on units of production. Trial Schedules can be produced
at any time, giving you an oil and gas accounting solution that simplifies Tax
Depletion computation.


DOCUMENT STORAGE & ASSOCIATIONS

Store various types of contracts, documents, or certificates such as JOA,
Division Orders, Certificates of Insurance, and W-9’s and associate or “link”
them to owners, vendors, well masters and the like.


📈

THE BOTTOM LINE ⬇️


THE BOTTOM LINE IS: WE’RE GOOD FOR OUR CLIENTS’ BOTTOM LINES.


MANAGED AUTOMATICALLY


COMPLETE PRIVACY & ENCRYPTION PROTOCOLS




EASY TO PERSONALIZE TO YOUR OPERATIONS




CURATED BY TOP 3% OF BOOKKEEPERS AND FINANCIAL EXPERTS




INDUSTRY LEADING 24/7 CALL SERVICE & 8-5 IN-APP CHAT SUPPORT




OPTIMIZED FOR OPERATORS & INVESTORS



"With the boom-bust nature of oil & gas, not only is it less profitable and more
work to run your back office on in-house bookkeeping and accounting personnel,
it’s reckless."
E.B. Archbald
President of SSI Oil & Gas Accounting
Co-Founder of IHOAGA
TAKE THE QUIZ

FOCUS ON WHAT YOU'RE GOOD AT


OPERATING AIN’T EASY. BUT AT LEAST THE PATH TO ACCOUNTING FOR IT CAN BE.

IHOAGA walks you through all the important aspects of oil & gas accounting – the
setup, what you need to look out for, and how everything will affect your
financial goals.

By combining your oil & gas finances and relevant external data sets, we’ll help
you explore different scenarios, and streamline your operations with a
customized plan and a wickedly simple Dashboard to bring it all together.

TAKE THE QUIZ




📊

NUMBERS & DATA


INVEST CONFIDENTLY WITH BETTER DATA

IHOAGA gives you more than just Revenue, Expenses, and your Bottom Line. Our
bookkeeping team tirelessly tracks all your first-party data – JIBs, Check
Stubs, Invoices, or otherwise – to help increase your ROI on investment down to
the last red cent.

Dial in every Operator and Partner with laser-like decision decision-making and
hold them accountable so you can maximize your profit and make more time for
shi–err, stuff that actually matters.


TAKE THE QUIZ

ONE SOURCE OF TRUTH


THE FULL PICTURE, IN REAL-TIME, FROM ANYWHERE 📲

The central source of truth for your oil & gas investments, view all your
meaningful data from a customizable dashboard or mobile app.


A TAB THAT'S GREATER THAN AN ENTIRE BACK OFFICE 💻


ONE TAB TO REPLACE AN ENTIRE BACK OFFICE.

Supercharge your growth, operating efficiency, and profitability with a
purpose-built oil and gas accounting platform for operators, investors, and
royalty owners alike. Know where to spend your next dollar.

 

"We don’t really hate oil & gas accounting software. We were just disappointed.
So, we made something better."
Greg Archbald
President of Greasebook,
Co-Founder of IHOAGA
SIMPLIFY & INFORM


EVERYTHING YOU'VE WANTED. AND MORE.

Through a blend of dead-simple oil and gas accounting software and our team of
the world’s top oil & gas accounting and finance professionals, we remove the
oil & gas accounting nightmare from your in-house responsibilities which enables
you to focus on your core competencies: increasing production and minimizing
operational drag to reach maximum profit with minimal headache.

We do all the bookkeeping. Which means no software to purchase. No program to
learn. Nobody to hire, train, or manage. You leverage the top 3% of oil & gas
bookkeepers and a simple dashboard while we do all the heavy lifting.

I Hate Oil and Gas Accounting (IHOAGA) centralizes the metrics from all your
assets, right into your pocket. 

We simplify, inform & save you time!

TAKE THE QUIZ

Frequently Asked Questions


ASK US ANYTHING...

Don’t wait until the next Bust to get your most operationally efficient,
cost-effective back office in order. Still deciding if we’re right for you?
These frequently asked questions may help.

This sounds complicated. I bet this is complicated, right?

What we do is complicated. What you do is focus on your oil & gas production and
investments – we’ll take care of the rest.

Wait, so you guys do all my bookkeeping for me?

That’s right. Simply forward your documents each month, we’ll deliver all your
beautiful financial insights hot and fresh.

What types of companies does IHOAGA work with?

We specialize in working with small and mid-sized independent US-based oil & gas
operators, investors, and royalty owners.

How do I access IHOAGA?

Anywhere, anytime, on any device. Upon onboarding, you’ll be assigned a unique
email alias to communicate directly with your dedicated IHOAGA finance team.

Additionally, you’ll have access to your IHOAGA Dashboard on desktop and mobile
web, where you can access real-time financial insights and data. No downloading
or updates of software is required.

Is the IHOAGA Dashboard available to all customers?

Yes! You’ll have full access to the IHOAGA’s customized Dashboard as part of
your monthly subscription fee.

What can I access from my IHOAGA dashboard?

Within 2 seconds – FROM YOUR SMARTPHONE🤯 – you’ll have your answer to any
question regarding Revenue, Cash flow, Operating Efficiency Ratios, Operating
Profit Margin, Financial Statements, Profitability, Economics, Custom Reports,
AFEs, Realized Oil Price, Realized Gas Price, Capital Spend, Fixed Expenses,
Variable Expenses, Vendor Analysis, Production Volumes, Sales Volumes,
Production Cost, Reserve Life, Investor Payout Tracking, WI Payments Outstanding
and more – all sliced and diced and customized at the Company, Operator,
Battery, Well, State, County, Section, Township, Range, Acquisition, or even
Supervisor level…

But like, how customized is “customized”?

Really really customized. You have full control over your Dashboard and
Reporting, which enables you to see everything you want and nothing that you
don’t.

Getting reports and updated from my Bookkeeper / Accountant is like pulling
teeth – how are you guys any better?

Unlike your bookkeeper or accountant, everything in IHOAGA is accessible
on-demand through our dashboard on your desktop or from your smartphone. Not
just financial statements either… we’re talking deep, customizable insights
regarding your oil & gas investments and operations.

So, how is IHOAGA different from a traditional (ie ‘Legacy’) oil and gas
software system?

Oil & gas companies who run Legacy oil and gas software systems expose
themselves to major risks (and minor annoyances…)

The complexity of traditional oil & gas accounting systems is twofold:
1. Software Problem: Traditional oil and gas accounting systems are outdated,
clunky, and have extremely complex interfaces. These systems demand in depth set
up and a MINIMUM of 40+ hours of training @ $150/hr – and that’s just to get a
handle on the basics! This doesn’t include your help desk calls, continued
training, and the persistent grind that is oil and gas accounting.
2. People Problem: key folks are risky! Anytime someone from your business
retires, quits, or runs off with the mailman, you’ll be stuck looking for a
replacement who has ‘X Legacy Software Experience’ (which severely limits the
size of your available talent pool) or training someone new for another 40 hours
at $150/hr.
This is a lose/lose – talk about getting stuck in the muck!

Right, but we intend to scale up – we’ll have to bring in our accounting in
house at some point, and we’d prefer to do it now.

Your shortest path to the largest version of your oil and gas company is for you
to focus on what you do best (which is oil and gas…)

As you grow, not only will you be severely limited by how many bookkeepers you
can hire, train, and manage – but the operational drag your legacy oil & gas
accounting system will create in your operations.

With IHOAGA, not only will you completely eliminate key person dependencies in
your back office operation, but (because anyone can gain 99% fluency with our
platform in less than 20 minutes) your core management team will have full
transparency into your company’s performance.

And not to brag, but if/when you go public, you’ll be glad knowing you got there
more quickly and for a helluva lot less sweat BECAUSE of IHOAGA.

At this point, we’ll celebrate with you and be glad to help you transition to
SAP. 🤝

Side note: not to be a Donnie Downer, but let us remind you we operate in a
cyclical industry and best-laid plans of mice and men often go awry. Laying off
people not only SUCKS but letting highly trained people go is an enormous waste
of your resources.

So, next time oil touches $30, remember IHOAGA will scale DOWN with your needs
just as easily as we scaled up.

Yah, but if I outsource everything to an Accounting Firm, I’ll just let them
deal with it, right?

Wrong. Why? One word: Accessibility.

A vendor calls on the phone, have you paid the man? Or, is payment still on
hold?

Oh wait, lemme check….

Ahhhh ok so you dial up your accounting firm…..

You: “Hello! Yes, yes I know this is the 4th time you’ve heard from us
today…curious, have we paid Vendor Vicky? We sent you a cash requirements list
last week… what do you mean you can’t find it? …. call me back once you’ve
checked…”

This nightmare CAN be avoided.

While outsourced Accounting firms DO remove all the headaches you’ll encounter
with a traditional oil & gas software system (the set up, the training, and the
redundancies that must be in place…), they DON’T enable everyone on your team to
answer simple questions or make a data driven decisions regarding Vendors,
Partners, Wells, Operators, JIBs or the like… No bueno.

With IHOAGA, you’ll have access to your data on demand right on your computer or
smartphone.

Quickbooks seems to run my other companies just fine, I think we’ll stick with
them for our oil & gas assets, too.

Whoa, Nelly! Let us make one thing clear: Everybody does accounting, but IHOGA
makes everything Accountable.

To run your most profitable business, you must make everything Accountable.

We show you where your profits are, where your losses are, where your expenses
are, what your returns are, where the losses are… so, ‘accounting’ in the
traditional sense ain’t gonna cut it here, especially for you operators.


SUPPORT (AKA YOUR “FINANCE CONCIERGE”)

How long have you been in business?

Since 1979, our family business has been providing oil and gas accounting
software, bookkeeping and accounting services to more than 200 oil & gas
operators, investors, and service companies – both small ma & pops and publicly
traded companies alike.

Where is the IHOAGA Finance Team based?

IHOAGA corporate outpost is proudly located in Oklahoma City, Oklahoma.

What is the IHOAGA Finance Concierge?

Rather than having to juggle different contacts for different requests, the
IHOAGA Finance Concierge serves as a single point of contact to reach your
dedicated team of IHOAGA Finance Experts (bookkeepers, CA/CPAs, CFOs, etc).

Customers can email their dedicated @IHOAGA.com email address with questions or
requests, or request a call with our finance team at any point in time.

Remember, chat support is also available via the ILOAGA Dashboard.

Is support available to all IHOAGA customers? How quickly should I expect a
response?

The IHOAGA Finance Concierge is fully-staffed Monday through Friday, 8AM to 5PM
CST. We have a real-time chat through which most questions are answered in 2
minutes or less. We aim to complete all callbacks within two hours of
scheduling.

And, for all bigger tasks we’ll respond with an anticipated timeline for
completion. Of course, your Dashboard and Reports are available to you 24/7.

How does IHOAGA source the top 3% of oil & gas bookkeepers?

Glad you asked. Given we’ve been working in oil & gas accounting for more than
40 years, we’ve worked with and trained thousands of oil & gas bookkeepers (many
of which are fluent in several different legacy oil & gas accounting systems…)

That said, we simply hired the best ones 😘

What qualifications do the IHOAGA Finance Experts have?

The IHOAGA Finance Team is made up of Accountants, Chartered Accountants (CA),
Certified Public Accountants (CPA), Tax Advisors and Chief Financial Officers
(CFO) – all with a collective 500+ years of experience.

Beyond their respective degrees and years of experience, each IHOAGA Finance
Expert has completed certifications for the core accounting and financial
services used at IHOAGA, and most team members are fluent in one or more Legacy
Oil & Gas Accounting Software Systems.

How much time do you devote to my account?

We spend as much time as needed to get the job done. We do not charge clients on
an hourly basis, so all of the time spent servicing your business — human, or
otherwise — is included in the flat monthly subscription fee.


SET-UP & TRAINING

What does the IHOAGA onboarding process entail?

We value your time, and the IHOAGA onboarding process takes about 25 minutes to
complete via an online video call.

Basically, we’ll request you share your screen and walk you through the various
points to get IHOAGA up and running (e.g. bank statements, credit cards, access
to prior accounting system, payroll provider, etc.)

Your IHOAGA Finance Concierge email will be set-up prior to onboarding and ready
for use immediately. And, once we have access to your accounts and make any
recommended updates to your chart of accounts, your IHOAGA Dashboard will be
activated — typically within one week of joining IHOAGA.

Yah, but I’m busy (in the field / with a new acquisition / with a broken
accounting process) and don’t have time to set this all up.

Let us help you get out of your own way. Simply answer a few questions, and one
of our financial experts will turn-key your entire set up for you.

Then, redirect your JIBs, bills, check stubs and the like to a new address we
assign you and we’ll account for everything just like we said we would. Bada
bing.

We currently use another oil & gas accounting software and we wish we never
bought it. Can you help us transition?

Drop the zero and get with the hero. Seriously, we’ll work with you to migrate
your data from your current accounting software – ‘done for you’ and included in
your first month’s fee (most folks won’t even touch it…)

In fact, we’re the ONLY oil & gas accounting service that guarantees FULL DATA
CONVERSION from ANY oil and gas accounting software platform on the market.

We’ve successfully migrated users from every major oil and gas accounting
system, including Wolfepack, OGSYS, Enertia, Quorum, Excalibur, Roughneck,
AS400, Avatar, Inegra, Petroware, OGAS, Quickbooks and more! Don’t see your
software listed? Just ask!

I am behind on my books. Can you get me caught up?

Yes. And first, we need to get you back on track. Once you’re onboarded and your
accounting and bookkeeping is running like it should, we’ll go back and help you
catch up on your books.

How long does it take to get my historical bookkeeping caught up?

Typically, it takes us 2-4 weeks to complete one year’s worth of overdue
bookkeeping. We can get your small business caught up, the right way

Does IHOAGA handle Joint Interest Billing (JIBs), and Authority for Expenditure
(AFEs), and bill pay on behalf of my company?

Yes, Bill Pay and Invoicing Services are available to you – we even lick, stamp,
and stuff physical mail and send it out the door if you’d like that, too. 

Does IHOAGA use Cash Basis or Accrual Basis Accounting?

IHOAGA defaults to using accrual basis accounting, but can work with companies
who require cash basis accounting, too

Does IHOAGA provide HR and payroll assistance?

IHOAGA does not provide formal HR services at this time.

Does IHOAGA work with companies outside of the United States?

IHOAGA will serve any company anywhere, as long as their transactions are
dollar-denominated and operations take place in the United States.

How does IHOAGA protect my company's financial data?

IHOAGA offers advanced, bank-grade protection of all of our customers’ data and
information. All network connections use military-grade 256-bit SSL/TLS
encryption and ECDHE_RSA Key Exchange Algorithm. For more info please visit our
Security page here.

What if we decide we want to move to a different product? What happens with our
data?

While we have the capacity to serve publicly traded companies, if at any time
you decide you’d like to leave we’ll never lock you into our service. You have
lots of decisions to make in your businesses, so our goal is to make your
bookkeeping as easy as possible.


GENERAL ACCOUNTING

Does IHOAGA do Cash based or Accrual based accounting?

While non-operators and royalty owners can get away with Cash based accounting,
we (highly) recommend Accrual based accounting for all oil and gas operators.
That said, we’ll run it anyway you want, pardner.

Does IHOAGA ensure GAAP compliance?

You betcha. IHOAGA applies GAAP to your accounting transactions in accordance
with COPAS accounting principles.

What does monthly close look like, when is it complete?

Your books are closed and delivered within one week of month end. Each customer
receives a CFO Insights Report via email which summarizes all your key financial
metrics (burn, runway, cash in the bank, operating expenses, cost of sales,
revenues, etc.), with your formal monthly P&L Statement, Balance Sheet and Cash
Flow Statement attached all with no delays, no “we’re running behind”, no bull.

Does IHOAGA handle transaction categorizations and receipt management?

Absolutely! We review, update, and fix every transaction categorization on a
daily basis, and ensure receipts are properly attached within your accounting
software.

IHOAGA also manages all invoices and receipts for you in a central location.

Who is entering the transaction level data into the IHOAGA Accounting Platform?

IHOAGA is a full-service platform, where everything is managed by our in-house
team of certified accounting experts.

Entries into IHOAGA are made by a blend of human financial experts in
collaboration with our AI-powered technology platform to deliver 100% accurate
books.

To be clear, from time to time we’ll clarify on coding any non-recurring
expenses for Operating, Dry Holes, Completions, and Reworks.

That said, we’ve found most operators want to be involved in this process as it
helps them identify where their money is being spent.

No longer have to worry about redundancies for your bookkeeper quitting,
retiring, or simply not showing up because IHOAGA simplys supplants your back
office.


TAXES

Are annual taxes included in my IHOAGA subscription fee?

No. IHOAGA offers tax services for a flat annual fee starting at $2499/year. The
IHOAGA Tax plan includes federal, state, and local tax returns, R&D Tax Credit,
and support of ongoing tax and compliance needs throughout the year.


PRICING

I bet this is really expensive.

That’s not a question, but actually no.

For comparison, the average full time bookkeeper demands $24/hr ($48k per year).
The full time average oil & gas accountant demands $31/hr ($58K per year).

And, with the average part-time or outsourced bookkeeper or accountant, you’re
losing untold hours in communication and lack of insight into your operations.

And, if you want to bring your accounting in house that doens’t include any oil
& gas accounting software fees.

Not only will IHOAGA save you money, we’ll save you from headache AND you’ll run
a FAR more profitable operation.

So, we’re actually kind of a bargain.

How does pricing work?

IHOAGA’s pricing is contingent upon the following:

1. Number of operated wells
2. Number of non-operated, working interests
3. Number of non-operated, royalty interests

Pricing automatically scales up or down based on the average of your past two
months’ expenses. No hourly billing, no surprises.

Does IHOAGA offer flexible subscription payment options?

Yes. We offer flexible subscription payment options, including monthly and
annual (upfront) payment terms. All IHOAGA subscriptions auto-renew at the end
of one-year period unless canceled prior to renewal.

You had me at “IHateOilandGasAccounting”. How soon can this start happening?

We’re ready when you are. And our robots are too. Take the quiz here then
schedule a call – there’s a good chance we can get you up and running by the
first of the month.



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