Multi-Basis and Multi-Class Accounting
Regulatory requirements and market conditions demand that investors distribute a fund’s singular flow of transactions into different accounting bases. We provide book-specific calculations for all transactions across multiple methodologies to help you better manage your information and stay compliant with regulatory requirements.
Unique Capabilities for Your Multi-Basis Needs
GAAP, tax, IFRS and other accounting methodologies each have different fund cycles and unique requirements. Our multi-basis functionality lets you maintain global reporting consistency, including a variety of amortization methods. Customization of accounting rules at the client, fund and portfolio level provide flexible options for each basis, independent of the others. Comparison reports offer you a single view of your portfolio’s multiple methodologies for reconciliation and audit purposes.
Multiple sets of complete accounting books
Ability to calculate amortization, cost, market value and more on a second accounting standard
Framework to allow rapid development of additional bases
Customizable fund cycles and accounting rules for each basis independent of others
Accounting rules can be established at client, fund or portfolio level
View your accounting reports with different amortization methodologies side-by-side
Comparison reports that show detailed cost, income, market value and general ledger differences between GAAP and tax bases
An Accounting Solution for Diverse Class Structures
Multi-class funds offer a single portfolio to different types of clients and distribution channels with varying fee structures, while controlling overhead and expenses. We offer a full-scale accounting solution that accommodates diverse share structures, mitigating your risk while increasing efficiency.
The automated ratio generation function calculates the percentage of income, expenses and other financials to report class entitlements. The process to allocate income and other financials from the overall fund to the share classes is automatically calculated. Each class in our system gets a full ledger to run trial balances at the fund and class level. Our multi-class solution delivers fund expenses and performance at both the overall and share level, reducing risk and offering greater accuracy.