Financials

MineralDesk provides comprehensive financial tracking and reporting capabilities for managing your oil & gas investments.

Overview

The financial management system helps you track revenue, expenses, and performance across your entire portfolio of oil & gas investments.

Key Features

Revenue Tracking

• Royalty Income: Track monthly royalty payments from operators
• Working Interest: Monitor working interest distributions
• Bonus Payments: Record lease bonus and signing payments
• Multi-Operator Support: Consolidate revenue from multiple operators

Expense Management

• Depletion Tracking: Calculate and track depletion allowances
• Operating Expenses: Monitor lease operating expenses (LOE)
• Professional Services: Track legal, accounting, and consulting fees
• Tax Preparation: Organize expenses for tax reporting

Portfolio Analytics

• Performance Metrics: Calculate ROI and other key performance indicators
• Trend Analysis: Visualize revenue and production trends over time
• Comparative Analysis: Compare performance across wells and operators
• Forecasting: Project future cash flows based on historical data

Reporting & Export

• Tax Reports: Generate tax-ready reports for Schedule E
• Financial Statements: Create income statements and cash flow reports
• Custom Reports: Build reports tailored to your specific needs
• Data Export: Export financial data to Excel or accounting software

Getting Started

1. Set up your initial portfolio structure
2. Connect revenue streams from your royalty statements
3. Add expense categories relevant to your investments
4. Generate your first financial report

Financial Categories

Revenue Streams

Track different types of income from your oil & gas investments.

Expense Categories

• Depletion: Statutory and cost depletion calculations
• Operating Expenses: Lease operating expenses and maintenance
• Professional Services: Legal, accounting, and consulting fees
• Administrative: Office expenses and management fees

Tax Management

• Schedule E Preparation: Organize data for tax filing
• Depletion Calculations: Track both percentage and cost depletion
• 1099 Management: Organize and reconcile tax documents
• Quarterly Estimates: Calculate estimated tax payments

Reporting Features

Dashboard Views

• Revenue Summary: Monthly and yearly revenue overview
• Expense Breakdown: Categorized expense analysis
• Performance Metrics: Key financial indicators
• Cash Flow: Monthly cash flow analysis

Export Options

• Excel Integration: Export data to Excel for further analysis
• PDF Reports: Generate professional financial reports
• CSV Data: Raw data export for accounting software
• Tax Software: Compatible with major tax preparation software

Best Practices

• Regular Updates: Keep financial data current and accurate
• Document Backup: Maintain supporting documentation for all entries
• Category Consistency: Use consistent expense categorization
• Monthly Reconciliation: Reconcile accounts monthly for accuracy

For detailed instructions on financial management tasks, see the guides below.