Module 07  ·  Operations · Finance · Compliance

Production & Yield Accounting

Daily, monthly, and annual production accounting with feedstock receipts, yields by unit, inventory reconciliation, losses and gains tracking, and fiscal reporting.

Module 07 · Overview

Production & Yield Accounting

Production & Yield Accounting closes the material balance from crude intake to product rundown — daily, monthly, and annually. It generates yield statements, tank inventory reports, and regulatory submissions for royalty, excise, and customs reporting. Every operating refinery closes these books monthly, almost always in Excel with manual consolidation. A purpose-built module with a full audit trail is a compliance necessity, not a nice-to-have.

Why It Wins

Production accounting is a legal, fiscal, and commercial obligation in every jurisdiction. Refineries pay royalties, excise taxes, and customs duties based on yield accounts. Errors cost millions and trigger audits. A purpose-built yield accounting module with full audit trail is a compliance necessity.

Built For
OperationsManagementProcess Eng.
Capabilities

Full Capability Set

Every capability included in Production & Yield Accounting.

Material Balance Closure
Feedstock receipts trackingCrude intake by sourceProduct yields by unitInventory reconciliationTank gauge readingsLosses & gains trackingRefinery loss factorAuto-balance to receipt
Production Accounting
Daily yield statementsMonthly close packageAnnual production reportsCrude in / product out reconciliationRun-down by tankQuality-by-tank trackingAllocation rules engineActual vs. plan reporting
Fiscal & Regulatory
Royalty calculationsExcise tax reportingCustoms duty reportingRegulatory submissionsMulti-jurisdiction supportAudit-ready exportsFull audit trailApproval workflow
Integration
Tank gauging systemsCustody transfer metersLab analyzer feedsReconciled flows from Module 06ERP integrationGL postingInventory accountingMulti-currency support
Use Cases

Production & Yield Accounting in Action

Scenario
Monthly book close
The first business day of each month, the production accounting team runs the close. Data Reconciliation feeds validated flows. Yield Accounting closes the balance, allocates losses, and produces the management report and the regulatory submissions.
Scenario
Royalty audit defense
The royalty auditor requests three years of yield records. With full audit trail, every yield calculation is reproducible, every meter reading is traceable, every losses-and-gains adjustment is documented.
Scenario
Daily production tracking
Operations management opens the daily yield statement at 8 AM. Yesterday's crude in, products out, inventory positions, and any unusual loss factors — all on one page.

See Production & Yield Accounting on Your Refinery

Request a personalized demo. We will walk through Production & Yield Accounting on your refinery's actual configuration.

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