/
Account Groups

Account Groups

Search the IFS Reporting Wiki

 

Overview

Account Groups provide the basis for many out-of-the-box reports, as well as the Account Group-based method of custom report development. Account Groups provide the basis for many out-of-the-box reports, as well as the Account Group-based method of custom report development.

 

Standard Account Groups

Many of the financial out-of-the-box reports depend on setting up a standardized set of IFS Reporting Account Groups in your accounting software (BOLO or Excalibur).

  • Detailed instructions for adding these Account Groups are available for BOLO and Excalibur

  • The critical aspect of these Account Groups is that they are assigned the Account Group IDs specified in the table below in the first column.

  • You may modify the Account Group Description.

  • Financial reports, including many of the popular reports in Financial/Reports/Accounting/, calculate values based on the accounts that are mapped to these Account Group IDs in BOLO or Excalibur.

    • For example, in report R 02.12 Lease Operating Statement Crosstab, the line item Lease Operating Expense is the sum of the Amount associated with each account that has been included in the account group with ID = "-LOE" (or "-LOE-N" for Net). 

 Account group

Description

-BFWD

Balance Forward

-C-E

Compression Expense

-COP

Cost of Production

-DAD

Depreciation, Amortization, and Depletion

-GA-E

General and Administrative

-ILB

Interest, Loan and Bad Debt Expense

-INPC-E

Impairment and Net P&A Costs

-IT

Income Tax

-LOS-S-G

LOS Sales Gas

-LOS-S-O

LOS Sales Oil

-LOS-S-N

LOS Sales NGL

-LOS-C-I

LOS CAPEX Intangible

-LOS-C-T

LOS CAPEX Tangible

-LOS-D-M

LOS Deductions

-LOS-D-P

LOS Deductions Prod Taxes

-LOS-E-L

LOS Deductions Lease Burdens

-LOE

Lease Operating Expense

-LOE-N

Net Lease Operating Expense

-MF-E

Marketing Fee

-OR-R

Other Revenue

-RE-E

Real Estate Expense

-SPT

Severance and Production Taxes

-SWD-E

Salt Water Disposal

-WOE

Workover Expense

-WOE-N

Net Workover Expense



Custom Account Groups

Custom Account Groups allow you to create custom reports using templates provided by IFS Reporting.

See Customized Reporting for information on setting up custom Account Groups and using Custom Reports. 

Account Group Data Entry

  • Instructions for Account Group entry in BOLO.

  • Instructions for Account Group entry in Excalibur.


Copyright© 2024 IFS AB. Copying prohibited. All rights reserved.