Fund Accounting & Tax Services
Accurate and reliable fund accounting for optimal financial management, from the general ledger and monthly reporting through to distributions, BAS and year-end audit support.
Fund accounting you can rely on
Reliable fund accounting is essential to good financial management. Trustees, responsible entities, investment managers, auditors and investors all depend on accurate ledgers, timely reporting and correct tax outcomes.
XCHEQER maintains your fund accounting records and general ledger and handles your fund accounting obligations throughout the year. Our team understands the accounting and tax considerations specific to managed funds, including income attribution and distributions.
Combined with our own digital tools, including TAXXA, our tax distribution calculation and review solution for managed funds, we deliver efficient and auditable fund accounting with less manual effort.
Fund accounting and tax services
We take responsibility for the accounting cycle of your funds, from monthly close through to year-end.
General Ledger Maintenance
Fund accounting records and the general ledger are maintained accurately, with transactions, income and expenses recorded in line with your accounting policies.
Monthly Reporting
Monthly management reports and financial information are prepared and delivered on an agreed timetable, giving you a clear view of each fund.
Fee Calculations
Management fees and other fund fees are calculated in line with the fund’s constituent documents and agreements, with supporting workings.
Bank Reconciliations
Fund bank accounts are reconciled regularly, with unreconciled items investigated and cleared promptly.
Distribution Calculations
Distributable income and cents-per-unit rates are calculated, with components prepared to support investor tax statements.
BAS Calculation and Lodgement
GST and reduced input tax credits are calculated, and Business Activity Statements are prepared and lodged.
Year-End Deliverables and Audit Support
Year-end financial information is prepared and we work with your auditors and tax advisers to support an efficient audit process.
Better financial management for your funds
Outsourcing fund accounting to a specialist gives you consistent, accurate results and frees your internal team to focus on oversight and decision-making.
Accuracy and consistency
Disciplined processes and reconciliations support accurate ledgers and reporting month after month.
Timely reporting
Agreed timetables mean you receive monthly and year-end information when you need it.
Technology-enabled tax
TAXXA calculates CPU and component breakdowns quickly, with auditable adjustments and online review and sign-off.
Audit readiness
Well-documented workings and records help make the year-end audit smoother and more efficient.
Our fund accounting cycle
A clear, repeatable cycle keeps your fund accounts current throughout the year.
Onboarding and set-up
Chart of accounts, policies, fee terms and distribution policies are confirmed and configured.
Monthly processing
Transactions are recorded, bank accounts reconciled and fees and accruals calculated.
Reporting and distributions
Monthly reports are delivered and distribution calculations prepared for each distribution period.
Tax and year-end
BAS is prepared and lodged, and year-end deliverables and audit support are provided.
Fund accounting backed by practical expertise
Our team has worked on both the investment manager and service provider sides, so we understand what your fund accounts need to deliver.
- Specialist knowledge of managed fund accounting and tax
- In-house TAXXA solution for distribution and tax calculations
- Clear, auditable workings and documentation
- Seamless integration with fund administration and registry
- Flexible support for in-house, outsourced or hybrid models
Related Services
XCHEQER’s services are designed to work together, giving you a single, consistent operating partner across your fund operations.
Fund Administration
Trade capture, reconciliations, asset valuation, NAV and unit pricing.
Property Fund Accounting
Accounting and administration for property trusts, from establishment to BAU.
NAV Review & Service Provider Oversight
BAS, income tax and distribution review and sign-off for funds administered elsewhere.
Simplify your fund accounting and tax obligations
Contact XCHEQER to discuss how our fund accounting and tax services can support your funds throughout the year.