Any fund manager’s priority would be to increase the returns for their investors. Many of these fund managers get caught up with day-to-day fund administration, accounting, and compliance tasks which restrict them from staying focused on raising capital and deploying the investments in an efficient manner. Clients will also need their financial reporting to be timely, that adds to the pressure on Fund Managers. Fund accounting outsourcing is the best option that fund managers are opting to mitigate this.
Fund managers outsource fund accounting to obtain timely and accurate reporting enabling them to create trust and confidence in their investors while they are managing their complex investment portfolios. However, these reporting and administration are time consuming.
KMK offers end-to-end outsource fund accounting services to ensure timely reporting and compliance. Our professional accounting teams are experts in fund reporting and preparing financial statements based on US GAAP (Generally Accepted Accounting Principles). Our team is very familiar with using software like Carta, Juniper, Ledgy, Vested and other similar Equity Management software.
We manage the following for our clients:
Portfolio Reporting
- Reconciling subscription documents to all investments
- Asset Tracking
- Cash Flow Tracking by Asset
- Asset Attribution
- Cost Basis Tracking
- Customized Reports
Financial Statements Preparation
- Customized Report Presentation
- Footnotes & Financial Highlights
- GAAP Reporting
- SEC Reporting
- Credit Facility Reporting
- Capital Account Statements
- In-Depth Capital Activity Reports Package
Waterfall & Carry Allocations
- Complex Waterfall Calculation & Distribution
- Automated for Consistency & Accuracy
- General Ledger will provide all inputs based on actual transactions
- Multi-Share Class & Preferred Share Waterfalls
Net Asset Value Calculations
- General Ledger Accounting
- Expense & Income tracking
- Waterfall Calculations
- Management Fee Calculations
- Portfolio Tracking
Tax Services
- Investor K-1 Production
- Investor 1099 Production
- E-Filing
- Withholding
- Sales, property & use taxes
- US Reporting for International Funds
The KMK team is efficiently able to manage many clients’ investments fund management including funds set up for their real estate as well as fund series accounting. KMK manages client portfolios having multi-series accounting requirements as well. Multi-series accounting outsourcing enables clients to offload major laborious work of producing multiple financial reports, K-1s etc.