Checklist
Fund accounting close checklist
A reliable NAV begins with a controlled accounting close and clear supporting records.
Books and controls
Confirm that the accounting record is complete before valuation.
- Bank and custodian reconciliation
- Investment transactions
- Income and realised gains
- Expenses and accruals
Valuation and NAV
Bring approved values and liabilities into the period result.
- Investment fair values
- Management fees
- Scheme and class allocations
- NAV and NAV per unit
Reporting and audit
Complete downstream financial and investor records.
- Investor capital accounts
- Carry and distributions
- Trial balance and statements
- Audit schedules