Fixed Asset Accounting and Management for All Industries

Streamline and simplify your assets today with Petrofly's cloud solutions. Petrofly makes it easy to gain full control and reduce the risks of your fixed assets.

  • Integrated Asset Management & Register
  • Fixed Asset Depreciation Calculation & Projection
  • Asset Grouping and Disposals
  • Detailed Asset Reporting
  • Barcode and RFID Scanning
Petrofly Asset Depreciation Asset Grouping and Disposals

Effectively Manage your Fixed Assest on Petrofly's Secure Cloud Platform

Asset Depreciation

Whether international or domestic, oversee the book and tax depreciation of all assets side by side. Depreciation calculations on Petrofly are up-to-date with statutory regulations. Contact us at for a list of supported countries.

Asset Organization

Ensure assets are in their proper location with GPS tracking and automatic record-keeping. Easily perform audits with RFID or barcode scanning.

Cloud Capability

Our cloud platform not only guarantees that all asset information is up-to-date across your company but also allows you to manage and control your assets from anywhere.

An Easy-to-Use and Robust Suite to Track and Manage Your Fixed Assets Effectively

Petrofly's fixed asset suite makes it easy to calculate and manage book and tax depreciation side by side, as well as track gain or loss from asset disposals by individual assets, asset groups, or accounts. Our streamlined asset auditing system is integrated with RFID and barcode capability.

Tax Regulation Compliance
All calculations done by the system are verified and compliant with all tax standards by our staff of industry experts. For example, MACRS depreciation is automatically calculated based on the asset's class and lifetime determination per IRS standards.
Maintenance & Auditing
Petrofly provides automated alerts and notifications to keep your team up-to-date on maintenance and auditing schedules. Track and manage maintenance details for each individual asset throughout its lifecycle. Auditing is a breeze with built-in scanning and locating features.
Tracking and Traceability
Efficiently manage and track your assets across any number of locations. Easily trace each movement and adjustment of your asset throughout its lifetime. GPS tracking is also available for real-time tracking.
Accounting Integration
Whether you are using Petrofly's accounting suite or another software, we can work with and communicate with it to provide detailed journal entries for the depreciation of your assets.

Advanced Cloud Platform for Fixed Assets

Securely manage your assets from anywhere in the world with advanced cloud software. Easily track and manage book and tax depreciation side by side for all fixed assets within your company. Stay up-to-date with each asset's location and performance with GPS tracking and detailed record-keeping procedures.

Asset Register
Manage assets on a detailed asset register with customizable search filters.
Asset Reports
Support your operation with detailed and customizable asset reports.
Asset Auditing
Efficiently schedule and conduct asset audits with RFID and barcode scanning capability.
Depreciation Tracking
Track and manage asset depreciation by location and view book and tax depreciation side by side.
Depreciation Projection
Perform book and tax depreciation projections for assets effortlessly.
Asset Disposal
Record asset disposals individually or by asset groups with automatic gain or loss calculations.

Speak with a representative to learn how Petrofly can help you improve productivity, save time, and reduce costs.

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What Our Clients Have to Say

"We had a long and repetitive process for handling JIBs. Petrofly made a custom page for us with no additional cost after we signed up. All we have to do now is click generate, and everything is taken care of for us in a couple of seconds. To be able to view all of my production through my email is also a nice addition to have."

-Robert Sampson, Owner, Alpha Resources

"As an operator that has multiple assets in multiple states, it is especially difficult for us to find new servicers when a new job comes up or when we are looking to lower our expenditure on a specific workover. After adopting Petrofly's platform, we were not only able to get connected to vendors with better pricing but also get notified when some of our expenditures were too high compared to the market."

-John Berman, Lead PE, SMN Production Company

“Petrofly has been an easy-to-use, web-based application that our corporate employees and field-level employees can access via laptop, phone, or tablet to improve the reporting of daily oil and gas production, expense reporting, and production history generation. This one-stop shop for data entry has saved us countless hours and thousands of dollars of labor that would otherwise go into manually recording these entries from different sources like gauge sheets, excel sheets, invoices, receipts, etc. I highly recommend the product to E&P companies, large and small.”

-Jogesh Vashisht, CEO, Vast Oil, Inc

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