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.

Methodologies supported:

• GAAP

• International Financial Reporting Standards (IFRS)

• Local standards

• Tax

Capabilities:

• 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.