High-Performance Accounting & Financial Consulting

Expert guidance and integrated solutions to help your business thrive.

Integrated Accounting Services

Bydand serves as a company’s full-service accounting function, handling the day-to-day financial operations so business leaders can focus on strategy and execution. Includes services such as:

    • Accounts Payable (AP) – Invoice processing, vendor payments, expense management

    • Accounts Receivable (AR) – Invoicing, collections, cash application

    • Bank Reconciliations – Ensuring accuracy of cash balances

    • Fixed Asset Accounting – Capitalization, depreciation, and asset tracking

    • General Ledger Maintenance – Journal entries, accruals, and reconciliations

    • Expense Reporting & Management – Employee reimbursements and corporate credit card tracking

    • Inventory Accounting – Cost tracking, valuation, and adjustments

    • Intercompany Transactions – Reconciliation and eliminations for multi-entity businesses

    • Revenue Recognition & Deferrals – Ensuring compliance with accounting standards

    • Sales & Use Tax Compliance & Reporting – Maximize indirect tax savings while ensuring compliance with laws and regulations

    • Joint Interest Accounting – Accurate tracking and allocation of revenues and expenses among joint venture partners.

    • Revenue Distribution & Royalty Accounting – Ensuring timely and precise calculation and disbursement of royalties to interest owners.

    • Production Accounting & Reporting – Tracking production volumes and reconciling with financial records to ensure compliance with regulatory bodies.

    • Lease Operating Expense (LOE) Analysis – Monitoring and analyzing field-level operating costs to improve efficiency and cost recovery.

    • AFEs & Capital Expenditure Tracking – Managing Authorization for Expenditure (AFE) processes to track and control drilling and development costs.

    • Severance & Production Tax Compliance – Ensuring accurate calculation and timely filing of state and federal severance and production taxes.

    • Asset Retirement Obligation (ARO) Accounting – Managing liabilities associated with well abandonment and site restoration in accordance with GAAP.

    • Hedge Accounting for Commodity Price Risk – Structuring and tracking commodity hedging transactions to manage revenue volatility.

    • Accounting System Implementation & Optimization – Supporting ERP and specialized oil and gas accounting system selection, implementation, and integration.

    • Monthly, Quarterly, and Annual Financial Statement Preparation – Balance Sheet, Income Statement, and Cash Flow Statement

    • GAAP-Compliant Financial Reporting – Ensuring adherence to U.S. Generally Accepted Accounting Principles

    • Management Reporting & KPI Dashboards – Custom financial reports tailored to business needs

    • Variance Analysis & Performance Reporting – Comparing actual results to budget/forecast

    • Budgeting & Forecasting Support – Developing financial models and projections

    • Cash Flow Analysis & Reporting – Monitoring liquidity and financial health

    • Audit & Assurance Support – Assisting with external audits, including workpaper preparation

    • Investor & Lender Reporting – Preparing financial packages for stakeholders

    • Financial Consolidation & Multi-Entity Reporting – Preparing consolidated financials for complex organizations

    • Cash Flow Forecasting – Developing short-term and rolling cash forecasts to optimize liquidity

    • Bank Account Management – Monitoring and reconciling corporate bank accounts

    • Cash Positioning & Liquidity Planning – Ensuring sufficient funds for operational needs

    • Working Capital Management – Optimizing accounts receivable, accounts payable, and inventory to improve cash flow

    • Debt & Credit Facility Management – Monitoring covenants, debt service, and financing needs

    • Treasury Controls & Risk Mitigation – Implementing policies to safeguard cash and prevent fraud

    • Banking Relationships & Optimization – Managing banking partnerships and negotiating services

    • Payment Processing & Cash Disbursement – Ensuring efficient vendor and payroll payments

    • Investment & Idle Cash Management – Advising on excess cash deployment strategies

Accounting Consulting

For businesses facing complex accounting challenges, Bydand provides project-based consulting to supplement internal teams and ensure successful outcomes. Our expertise spans a range of critical needs, including:

    • M&A integration and data room preparation – Supporting financial due diligence, consolidations, and preparing critical documentation for mergers and acquisitions.

    • Data analysis and system migration support – Transforming financial data for reporting, insights, and seamless integration into new accounting systems.

    • Accounting staff augmentation – Providing experienced professionals to supplement in-house teams during peak periods or transitions.

    • New accounting standard implementation – Assisting businesses in adopting new financial reporting standards, ensuring compliance while minimizing disruption.

    • Internal control design and implementation – Establishing and strengthening internal financial controls to safeguard assets and improve audit readiness.

    • Process optimization and efficiency improvements – Evaluating and redesigning accounting workflows to improve accuracy, reduce inefficiencies, and enhance reporting.

    • Treasury management & working capital optimization – Helping businesses improve cash flow efficiency, forecasting, and liquidity management.

    • Accounting remediation and financial clean-up – Identifying and resolving discrepancies in financial records to restore clarity and compliance.

    • Balance sheet reconstruction and substantiation – Establishing a reliable and accurate balance sheet from historical records by identifying and validating all assets and liabilities, ensuring businesses have a clear financial foundation.

Fractional CFO Advisory Services

Bydand provides executive-level financial leadership on a flexible, scalable basis, giving businesses the expertise of a seasoned CFO without the full-time commitment. For many growing companies, hiring a full-time CFO is out of reach, yet financial strategy, capital management, and risk mitigation are critical to success. Our Fractional CFO services bridge this gap, delivering:

  • Strategic Financial Planning – Aligning financial strategy with business objectives to drive growth and long-term success.

  • Capital Structure Optimization – Identifying and securing financing solutions that support stability and expansion.

  • Risk Management & Internal Controls – Strengthening financial governance to mitigate risk and enhance operational efficiency.

  • Financial Reporting & Analysis – Providing meaningful insights for informed decision-making and investor/lender confidence.

  • Commodity Hedging & Financial Risk Mitigation – Developing and implementing strategies to manage exposure to commodity price fluctuations and financial market volatility.

Why Choose Bydand?

Bydand is more than an accounting firm—we are trusted partners dedicated to your financial success. Our team brings deep industry expertise, a hands-on approach, and a commitment to delivering high-performance solutions tailored to your needs.

  • Industry Expertise & Specialization – Extensive experience in oil and gas accounting, treasury management, and financial consulting.

  • Scalable & Strategic Solutions – Flexible support ranging from full-service accounting to executive-level financial leadership.

  • Practical, Results-Driven Approach – Hands-on problem solvers who simplify complexity and drive efficiency.

  • Commitment to Integrity & Excellence – Transparent, data-driven insights to fuel long-term success.