GP · Management company · Monthly or quarterly
Budget versus actuals
The partners get a short note on how the management company is tracking against budget, fee income and runway, with the period’s figures saved.
PlanBudget versus actuals
Run the income statement
HeldRuns the management company’s income statement for the period and for the year to date.
API actionRead each fund’s management fee
HeldReads the management fee each fund charged for the period, from that fund’s own books.
API actionper fundSave the period’s figures
HeldSaves the income statement as this period’s report, so the figures stay as they stood.
API actionCompare with the budget
HeldOperator compares spend with the budget you attach, explains the large variances, works out your runway and drafts a short note, citing the statements.
OperatorReview the note
HeldYou read the note and approve it before it goes anywhere.
PersonGP approvesEmail your partners
HeldDrafts the email with the note to your partners and sends it once you confirm.
API actionGP confirms
The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.
At a glance
Who runs it, and when
- Who runs it
- GP
- What starts it
- The management company’s monthly or quarterly close.
- How often
- Monthly or quarterly
- Vehicle
- Management company
Ask Operator
Start it in a sentence
Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.
- You
How is the management company tracking against budget this quarter?
- You
Send the partners our Q3 budget versus actuals.
- You
What’s our runway at the current burn?
The outcome
Your partners have a short note on spend against budget, fee income and runway, and the period’s figures are saved as they stood.
What it proves
- Reads the management company’s books and every fund’s fee from live records.
- Saves the period’s report on its own, since nothing leaves the firm at that step.
- Explains each large variance and your runway, citing the statements it read.
- Emails your partners only after you have approved the note.
- Shows a junior the note’s totals; you see every account.