Cost Accounting

Easily understand the cost of operations and ensure positive performance


Cost accounting that reduces manual processes with digital, automated workflows and records

QCA Simplify Compliance Reporting Efforts

Simplify Compliance and Reporting Efforts

Tackle compliance, governance and reporting requirements with a robust tool set built to adapt easily to an ever evolving and increasingly complex energy regulatory environment. Quorum cost accounting is SOX compliant out of the box and natively supports multi-jurisdictional regulations.

With integrations into core financials, revenue accounting, master data and division order, reporting is easy and more accurate, reducing the number and severity of prior period adjustments.

QCA Improve Operational Efficiency

Improve Operational Efficiency

Reduce manual work and streamline back-office processes with fully digitized joint interest billing, automated physical inventory tracking, centralized data, and user-friendly dashboards, like the lease operation statement dashboard.

For added efficiency integrate with:

  • Master data, including business associates and Division of Interest
  • Core financials, specifically the general ledger
  • Revenue accounting
  • AFE
QCA-Scale for Future Growth

Scale for Future Growth

Scale to meet the cost accounting needs of any size organization with robust financial and capital forecasting and proven data management and security capabilities. Additionally, centralizing and digitizing cost accounting eliminates manual processes and data maintenance, which improves data quality and visibility across the organization.

Cost Accounting Overview

Digitize close cycles, simplify compliance efforts, and improve capital forecasting. Learn how Quorum Cost Accounting can help


Ensure operations deliver optimal financial performance, meet regulatory compliance, and decisions made with timely, accurate information

Joint Interest Accounting

Streamline close cycles and audit reporting with improved data accuracy and digital JIB

Financial Reporting

Simplify financial reporting with customizable templates, including a LOS dashboard

Inventory Accounting

Automate inventory tracking for accurate cost center, project, and location data


Streamline DD&A processes with revenue accounting integrations

Capital Forecasting

Forecast capital expenditures accurately using centralized data and integrated actuals

Close-Cycle Management

Reduce close-cycle efforts with user-friendly dashboards and flexible reporting

Core Financials Integration

Understand financial health and increase transparency into operational costs


Improve infrastructure flexibility and security with Quorum hosted and managed service offerings


Product Overviews

Core Financials and Accounting

Learn how to simplify accounting processes and improve reporting with transparent workflows and user-friendly dashboards


myQuorum User Experience Platform

See how Quorum helps tackle today’s biggest challenges with myQuorum, the industry’s first persona-based user experience platform

Product Overviews

Authorization for Expenditure

See how Quorum can help mobilize AFE with user-friendly dashboards, easy-to-use tracking, and improved data accuracy

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