Joint ventures require more complicated calculations than traditional oil and gas accounting software handles.
When it’s time to distribute revenue to your Joint Venture partners you don’t want to spend days getting it out the door.
You have one main company you flow all investments through, but each “investor” is it’s own joint venture. You don’t want to process revenue one joint venture at a time or manually figure out each partner’s share with complicated formulas and spreadsheets.
Thankfully, you no longer have to.