End-to-End Fund Accounting Support for an Investment Management Firm
An investment management firm required accurate, timely, and audit-ready fund accounting across multiple entities. It needed consistent capital activity handling, daily bookkeeping, reconciliations, and financial statement support using standard tools such as Yardi Voyager, Workiva, Juniper Square, and Excel templates. CES delivered a structured, scalable operating model that ensured accurate capital notices, compliant reporting, streamlined reconciliations, and dependable audit readiness.
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The Challenge
Multi-Entity Fund Accounting Complexity
the client
Investment Management
Technology Stack
- Yardi Voyager
- Juniper Square
- Workiva
- Microsoft Excel
Solution Area
- Fund Accounting Operations & Financial Reporting Support
the impact
Accurate Capital Activity Handling
Scalable Multi-Fund Processes
Audit-Ready Financial Statements
Streamlined Reporting & Reconciliations
The shift was accounting-led. The result?
Reliable, compliant, multi-fund operations.
The Need
The investment firm required a structured fund accounting model capable of supporting capital calls, distributions, investor reporting, financial audits, and daily bookkeeping activities. With multiple fund entities in scope, the organization needed consistent processes, accurate reconciliations, timely capital notices, and dependable financial statement preparation using standardized tools and templates.
Challenges
- Time-Sensitive Capital Activity – Capital calls, distributions, and subline debt files required accurate preparation and review to ensure timely investor communication and avoid operational delays.
- Multi-Entity Fund Accounting Complexity – Each fund entity involved different books, capital movements, adjustments, accruals, prepaids, and reconciliations—requiring a repeatable, controlled process across all funds.
- Audit-Ready Reporting & Compliance Requirements – Financial statement drafting, versioning, audit support, and service journal preparation needed a compliant, documentation-driven workflow using Workiva and supporting tools.
CES established a consistent, tool-driven fund accounting operating model combining capital activity processing, daily bookkeeping, reconciliations, and prepared-by-client audit support.
Capital Activity Processing
- Prepared and reviewed capital call notices, distribution notices, and subline debt files.
- Used Juniper Square templates and structured Excel formats for accuracy and consistency.
- Ensured timely investor communication across all fund entities.
Fund Bookkeeping in Yardi
- Recorded entries for capital movements, invoices, accruals, prepaids, bank charges, and investment adjustments.
- Maintained fund books across multiple entities with structured templates.
- Performed periodic reconciliations for bank accounts and capital balances.
Financial Statement Drafting & Publishing
- Used Workiva to draft, version, and publish financial statements aligned with audit standards.
- Supported preparation of financial reporting packs, notes, and disclosures.
- Ensured compliance with client-defined reporting frameworks.
Audit & Compliance Support
- Prepared service journals and documentation required for audits.
- Responded to auditor queries with supporting schedules and reconciliations.
- Delivered data extracts and workpapers to ensure audit readiness.
Deliverable Coordination & Reporting Management
- Managed timelines and dependencies for client deliverables.
- Ensured all financial documents and reporting packs were submitted on schedule.
- Standardized templates to support scalable processes across entities.
- Accurate Capital Activity Handling – Notices and cash flow events were prepared with precision, ensuring timely investor communication.
- Scalable Multi-Fund Accounting – Standard tools and templates enabled consistent processes across multiple fund entities.
- Audit-Ready Financial Statements – Workiva-driven draft management improved compliance and version control.
- Streamlined Reporting & Reconciliations – Daily bookkeeping and structured reconciliations enhanced accuracy and reduced rework.
- Reliable Operational Support – Coordinated deliverables improved predictability and reduced risk during reporting cycles.
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Take the Next Step
Looking to strengthen your fund accounting operations with standardized tools and reliable reporting processes? Let’s define a structured accounting model that improves accuracy, audit readiness, and scalability. Talk to our Strategic Client Partner.
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