GP · Fund · As needed
Fix a capital call sent in error
A wrong call is cancelled, unbooked and reissued correctly, with the LP told why and the money already paid accounted for.
PlanFix a capital call sent in error
Work out what went wrong
HeldOperator reads the call, its payment and the commitment changes behind it, then proposes the correction, the right amount and a note to the LP.
OperatorChoose the correction
HeldYou review the explanation and choose how to correct the call and what to do with the money already paid.
PersonGP approvesCancel the wrong call
HeldCancels the call as a correction once you confirm the preview. The LP is emailed that it was cancelled.
API actionGP confirmsReverse its booking
HeldReverses the call’s journal entry with a counter-entry once your accountant confirms it.
API actionAccountant confirmsSend the corrected call
HeldDrafts a new call for the right amount to the same LP, previews the notice and sends it once you approve.
API actionGP confirmsApply what was already paid
HeldRecords the money the LP already sent as a payment against the new call.
API actionGP confirmsDraft a note to the LP
HeldOperator drafts a short note explaining the change into your mailbox, and you send it yourself.
OperatorDecide on any excess
HeldYou decide whether anything the LP paid beyond the new amount is refunded or carried forward.
PersonGP approves
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
- A call you sent turns out to be wrong: the wrong amount, an amended commitment or a miscalculated fee.
- How often
- As needed
- Vehicle
- Fund
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
We called the wrong amount from one LP on the last call, fix it.
- You
Cancel call 14 and reissue it at the right amount.
- You
This LP’s commitment was cut before the call, correct their notice.
The outcome
The wrong call is cancelled and its booking reversed, a corrected call is sent, what the LP paid is applied to it, and the LP knows why.
What it proves
- Finds the commitment change behind the error and proposes the exact correction.
- Cancels, reverses and reissues nothing until you or your accountant approve the exact change.
- Carries the corrected amount and the payment already made from step to step, with no retyping.
- Leaves the note to the LP in your mailbox, for you to send.
- Leaves the decision on any excess with you.