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SAGE 100 ACCOUNTING SERVICES FOR OIL AND GAS INDUSTRY

Algebraa Business Solutions Private Limited provides technology-driven, compliance-intensive accounting services purpose-built for oil and gas enterprises operating across global markets. Serving upstream, midstream, and downstream businesses in the USA, Canada, Australia, New Zealand, the UK, Europe, Far East, Middle East, and Africa, we leverage SAGE accounting software to deliver audit-ready financial systems, operational transparency, and cost discipline. Our solutions support capital-intensive operations, regulatory complexity, and long project lifecycles while ensuring alignment with IFRS, GAAP, and IAS standards.

Integrated Day-to-Day Accounting for Energy Operations

Oil and gas operations involve high-value, high-frequency transactions across exploration, production, logistics, and sales. Algebraa ensures:

  • Automated journal processing: Real-time capture of operational, procurement, and revenue transactions
  • Multi-location accounting: Seamless consolidation across rigs, terminals, refineries, and offices
  • Intercompany accounting: Accurate elimination and reconciliation across global entities
  • Multi-currency and contract-based invoicing: Supporting international trading and offtake agreements

SAGE establishes a single source of financial truth across complex energy operations.

Exploration, Production, and Project Costing

Cost visibility is critical in oil and gas due to long project cycles and high capital exposure. Algebraa delivers:

  • Well-level and field-level costing: Tracking exploration, drilling, and development expenses
  • Capital vs operational expenditure segregation: Ensuring accurate financial classification
  • Project lifecycle budgeting: Monitoring costs from seismic studies through production
  • Cost recovery and profitability analysis: Evaluating project viability and return on investment

SAGE enables disciplined cost governance and informed investment decisions.

Inventory, Materials, and Hydrocarbon Accounting

Oil and gas companies manage complex inventories across the supply chain. Algebraa ensures:

  • Real-time inventory tracking: Crude oil, refined products, spare parts, and consumables
  • Quantity and value reconciliation: Aligning physical measurements with financial records
  • Valuation compliance: IFRS- and IAS-aligned inventory valuation methodologies
  • Loss and variance monitoring: Identifying shrinkage, evaporation, and operational losses

SAGE integrates operational data with financial reporting for accurate hydrocarbon accounting.

Taxation, Royalties, and Statutory Compliance

Energy companies face rigorous regulatory oversight and complex tax structures. Algebraa provides:

  • Automated tax accounting: Corporate tax, indirect tax, and cross-border levies
  • Royalty and production-sharing accounting: Accurate calculation and reporting
  • Jurisdiction-specific statutory compliance: Supporting multi-country regulatory frameworks
  • Audit-ready compliance documentation: Ensuring transparency for regulators and auditors

SAGE supports structured compliance while minimizing legal and financial exposure.

Payroll and Workforce Cost Allocation

Oil and gas operations rely on specialized, geographically dispersed workforces. Algebraa delivers:

  • Accurate payroll processing: Salaries, allowances, rotation pay, and statutory deductions
  • Cost allocation by site and project: Linking labor costs to wells, plants, or terminals
  • Multi-jurisdiction payroll compliance: Supporting global workforce structures
  • Workforce cost analytics: Monitoring utilization, productivity, and cost efficiency

This ensures transparency, compliance, and optimized workforce expenditure.

Fixed Asset Management and Depreciation Control

Oil and gas companies operate with high-value assets and infrastructure. Algebraa ensures:

  • Asset lifecycle tracking: Rigs, pipelines, refineries, storage facilities, and equipment
  • Component-based depreciation: Fully aligned with IFRS, GAAP, and IAS requirements
  • Maintenance cost integration: Linking operational expenses with asset performance
  • Capital expenditure governance: Supporting investment planning and asset optimization

SAGE provides accurate asset valuation and long-term capital planning.

Financial Statements and Global Consolidation

Global energy businesses require investor-grade financial reporting. Algebraa delivers:

  • Multi-entity financial consolidation: Across subsidiaries and joint operations
  • IFRS, GAAP, and IAS-compliant statements: Balance sheet, income statement, and cash flow
  • Management Information System dashboards: Real-time operational and financial insights
  • Forecasting and scenario analysis: Supporting commodity price volatility and risk planning

SAGE enables executive-level visibility and strategic financial control.

Audit Support and Internal Control Frameworks

Strong governance is essential in the oil and gas sector. Algebraa provides:

  • Internal control design: Approval hierarchies and transaction monitoring
  • Comprehensive audit trails: Ensuring traceability across complex operations
  • Risk identification and mitigation: Detecting anomalies and control gaps
  • Process standardization: Strengthening financial discipline across entities

This enhances stakeholder confidence and regulatory credibility.

Commercial, Financial, and Legal Advantages

By partnering with Algebraa, oil and gas companies achieve:

  • Cost discipline: Through project-level and asset-based accounting
  • Financial control: Real-time visibility across capital-intensive operations
  • Operational scalability: Supporting expansion across regions and assets
  • Compliance assurance: Alignment with IFRS, GAAP, IAS, and statutory frameworks
  • Strategic clarity: Data-driven insights for investment and risk management

SAGE transforms oil and gas accounting into a strategic governance function.

Commitment to Long-Term Energy Sector Stability

Algebraa Business Solutions is committed to delivering:

  • Robust financial control across complex energy operations
  • Profit improvement through disciplined cost and asset management
  • Risk reduction via compliance-focused accounting frameworks
  • Operational scalability supporting global expansion
  • Long-term business stability through transparent financial governance

With Algebraa and SAGE software, oil and gas companies gain a trusted partner for compliance, control, and sustainable global growth.