GP · Fund · Monthly
Monthly fund close
Your fund’s month is properly closed: every capital call booked, drafts posted, entries categorized and the checklist signed off.
PlanMonthly fund close
Open the close
HeldOpens the month’s close checklist. On the 5th business day after month end, Operator lists what stands in the way of closing.
OperatorWaits until the 5th business day after month endBook every capital call
HeldStarts the soft close and drafts a journal entry for every capital call the ledger is missing. Your accountant approves them together.
API actionper callAccountant approves all in one goCategorize the entries
HeldChecks the fee accrual ran. Operator proposes a category for each uncategorized entry and explains the unusual ones.
API actionper entryAccountant approves all in one goPost the drafts
HeldPosts every draft entry in the month, the new call bookings included, behind one approval.
API actionper draftAccountant approves all in one goCheck the trial balance
HeldOperator checks the trial balance. If something doesn’t add up, the close stops until your accountant fixes it, then carries on.
OperatorReconcile the bank
HeldYour accountant reconciles the bank and ticks off the checklist’s manual tasks.
PersonAccountant approvesSign off and close the month
HeldYour accountant signs the checklist off as reviewer, then you confirm and the month is soft-closed.
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 month ends; the close starts on the 5th business day after.
- How often
- Monthly
- 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
Close September for Fund I.
- You
Book last month’s calls and close the month.
- You
Get Fund I’s books closed for October.
The outcome
The month is soft-closed with every capital call booked, no draft left, a clean trial balance and your accountant’s sign-off.
What it proves
- Books every capital call the ledger is missing, behind one approval.
- Posts the month’s drafts and categorizes its entries in grouped approvals from your accountant.
- Stops on a trial balance that doesn’t add up, and picks up once it’s fixed.
- Waits for the 5th business day after month end with no one watching the clock.
- Closes the month only after your accountant signs off and you confirm.