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Multi-Ledger Accounting
Comprehensive Accounting Ledgers Designed for Fund Operations
How Our Clients Benefit
Entrilia’s multi-ledger system combines the flexibility of traditional General Ledger with specialized subledgers for streamlined fund management.
Track investments, monitor key metrics, manage payables and receivables, maintain a real-time view of cash flow - all in one unified platform for for seamless, hassle-free operations.
Enhance clarity, control, and efficiency by organizing detailed transaction data separately from the General Ledger, simplifying reconciliation, reporting, and overall financial management
Granularity and Detail
Subledgers allow detailed tracking across areas like payables, receivables, investor allocations, portfolio monitoring, and bank account transactions - without overloading the General Ledger.
This setup ensures every financial aspect, from cash flow to investment details, is precisely managed for clear, organized fund operations.
Precision in Allocation Tracking
By providing granular allocation insights, the Allocation Ledger ensures that each transaction is tracked back to specific investors, allowing for seamless reporting, easier reconciliation, and transparent financial statements that meet the highest standards of fund accounting.
Accurate Cash Flow Management
Entrilia’s Bank Account Ledger Entry provides precise tracking of all cash flow and banking transactions, ensuring full visibility over fund liquidity.
Designed to simplify cash management, this ledger captures every inflow and outflow, supporting seamless bank reconciliation and real-time cash position monitoring.
Enhanced Performance
Since subledgers handle the volume of transactions, the General Ledger isn’t overloaded, ensuring better system performance and faster processing times. This is crucial as transaction volumes grow.
Frequently Asked Questions
Why are subledgers needed, and why can’t everything be tracked in the General Ledger?
Subledgers allow detailed tracking of specific transactions (e.g., payables, receivables, investments) without cluttering the General Ledger. They maintain a clean and organized GL while providing granular details for reporting and reconciliation. This separation ensures better transparency, compliance, and operational efficiency.
What is the benefit of having an Accounts Payables / Accounts Receivables Ledger in private equity accounting?
The AP and AR ledgers provide detailed tracking of liabilities and receivables, handling scenarios where one invoice is closed by multiple payments, or one payment covers multiple invoices, even across different currencies. This granularity ensures accurate financial tracking, seamless reconciliation, and clear reporting, making it essential for managing complex transactions and fund obligations.
How does Entrilia automate reconciliation between subledgers and the General Ledger?
Entrilia’s built-in automation ensures seamless reconciliation between subledgers and the General Ledger, guaranteeing that all transactions are accurately aligned and reflected across the system. This eliminates the possibility of errors, providing users with complete confidence in the integrity of their financial data while saving valuable time.
How Does Entrilia
Simplify Complex Fund Accounting?
Designed with precision and scalability in mind, Entrilia offers a robust yet user-friendly solution for managing complex accounting needs. With Entrilia, you can effortlessly streamline financial operations across multiple ledgers, ensuring accuracy, transparency, and real-time insights.
Tailored to the unique demands of fund management, Entrilia empowers you to handle everything from granular transaction tracking to seamless reconciliation with ease.
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