Accurate Reporting on a Daily Basis
FuelsManager Oil & Gas provides accurate inventory reconciliation and reporting on a daily basis. It includes a monthly inventory accounting ledger, which allows your operators to accurately track and manage inventories by manager, owner and product.
- Create end-of-day or end-of-month closeout reports automatically by manager, stockholder and product.
- Work in real-time with an inventory accounting ledger, which is updated as product is loaded.
- Minimize downtime by controlling close out periods and automating load rack end-of-day processes.
- Capture physical inventories from bulk storage and calculate variances in your close out records.
- Maintain accurate records and documentation trails by reverse posting to correct errors.
- Reconcile your book versus physical inventory for all the products your terminal manages, including additives and co-mingled products.
- Lock down accounting periods once reconciliation begins so that operational personnel cannot modify the data during reconciliation.
- Automatically deliver reports to your customers via e-mail in standard business formats, such as Microsoft Excel, Microsoft Word, CSV and PDF, for presentation throughout your company.
The Accounting Ledger
Your operators are able to select, sort and filter from all fueling transactions to view the transaction details relevant to specific customers. Display any of the 174 standard data fields and up to 24 user defined data fields that have been configured for any individual transaction.
Inventory Accounting
FuelsManager provides a general ledger of customer “book” inventories by month, product and customer, with the ability to drill down to details of the customer loading and other transaction details. In addition, the upgrade includes inventory reconciliation tools, providing the ability to easily compare book versus physical inventory by product and month, including tracking of inventory gains and losses per day and per month. Once an accounting period has been reconciled and approved, the transactions for this period can be closed out to prohibit modification of records that have been submitted for billing. Closed transactions can be reversed within the current accounting period in order to correct errors found after closing. FuelsManager also supports automatic end-of-day and end-of-month closeout. FuelsManager includes the following standard reports for terminal automation:
| Status Reports
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Configuration Reports
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Transaction Reports
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