Detailed Data Tracking
Petrofly tracks and manages all payment information entered into the system and consolidates it into the appropriate timeframe. Providing historical 1099s for interest owners becomes much easier.
Reduce the Burden of Tax Season with 1099 Assistance
Automate year-end tax preparation so your team can consolidate payment history, generate required files faster, and keep owner communications on schedule.
MISC & NEC Consolidation
Petrofly automatically consolidates revenue disbursements paid throughout the year and allocates the correct amount toward the MISC for landowners and the NEC for working interest partners. If a recipient has both royalty and working agreements with you, the system produces a MISC and a NEC with the appropriate amounts and details.
Reports & Exports
Petrofly provides reports that ease the 1099 process, such as payment reports detailing and breaking down every royalty paid throughout the year. The platform can also produce ready-to-file documents for IRS e-filing.
Copy B Handling
Whether for 1099-MISC or 1099-NEC, Petrofly can bulk generate Copy B files for all owners and partners that reach the minimum required amount. The produced files are ready to mail and can also be emailed directly to recipients.
Automate 1099 Workflows with Better Visibility
Track historical payment data, prepare accountant-ready outputs, and reduce manual tax-season tasks with one streamlined workflow.
Tax Filing Assistance
Petrofly provides consolidated details for 1096 information, along with the ability to print directly onto 1099-MISC and 1099-NEC Copy A forms and generate e-file compliant documents for your accounting workflow.
Streamlined Workflow
Eliminate manual mistakes, improve productivity, and reduce paperwork by automating your workflow with Petrofly so your team can focus on managing and growing the operation.
Put wings on your operation today with Petrofly
Automate 1099 preparation, simplify tax-season reporting, and keep owner payment records organized in one connected platform.
Integrated Owner Relations Suite Solutions
Interest Partners
Easily manage and keep up-to-date information on all interest partners and division orders.
Learn MoreJoint Interest Billing
Track and manage joint interest billing statements and payments efficiently.
Learn MoreRoyalty Payments
Track and manage royalty payments for owners and partners with notification when their amount reaches a certain limit.
Learn MoreTitle Management
Intuitive title management system to account for changes in title ownership.
Learn MoreRoyalty Reconciliation
Petrofly also provides the ability to distribute purchase statement amounts for royalty reconciliation.
Learn MoreHave a question? Speak to our experts anytime at 1-833-363-7359.