Unkar Systems maintains a current and historical set of financial books and records for each fund. Our CFATS fund accounting software is a general ledger system with complete financial reporting capabilities. Allocations of income and expense and other financial entries are made based on the fund's legal documents as well as generally accepted accounting principles.
At the conclusion of each reporting period, Unkar Systems enters or uploads all investment data into our fund accounting system along with other items of income and expense, investor additions or withdrawals and any non-repetitive accruals for the period. (Although most funds require monthly or quarterly accounting, we also have the ability to accommodate intra-month closes for the purpose of admitting or redeeming investors.) Depending upon the type of trading and other factors, investment data may be entered by individual transaction or on an aggregate basis.
Upon the completion of this process, our system produces a variety of internal financial reports including:
- Statement of Changes in Financial Condition
- Income Statement
- Trial Balance
- General Ledger Listing,
- Performance Tables, and
- Other specialized reports
These and other reports are then emailed to the fund manager in the form of a text file or PDF. Other reports are available or can be created based on individual users needs.
The flexible nature of our fund accounting software enables Unkar Systems to produce these reports at the master fund level, for any subfund or any group of subfunds under the master level or for a master-feeder structure.