Financial Accounting

Financial Accounting


G&S Fund Services provides fund accounting as well as tax reporting to help organize all financial information needed to give your hedge fund the ability prosper in this competitive industry. G&S Fund Services' deep-seated industry contacts allows reliable information to be gathered quickly, which is needed to accurately reconcile internal records. G&S uses these internal records to calculate management fees, loss carry forwards, and incentive allocations in accordance with the terms of the fund offering documents as well as GAAP. We specialize in this niche industry, giving us the ability to not only offer their extensive services to established hedge funds, but offer emerging hedge funds the ability to get their feet off the ground.
G&S Fund Services provides cost-effective fund accounting services, including:

 

  • Maintenance of your general ledger and investor information
  • Calculation of NAV including full accruals for operating expenses and incentives
  • Unitized values or capital accounts for each investor
  • Multi-currency capability
  • Customizable investor statements with optional consolidation of multiple funds on a single page
  • Wash sale analysis and hot issue segregation
  • Performance calculations for a single investment or groups of investments
  • Internet access to investor statements
  • Ability to reopen books at any time to account for new data
  • Ability to work openly with independent auditors and tax preparers
  • Calculation of complex fee structures including hurdle rates or triggers
  • Variable fee structures by client
  • Determination of periodic distributions to shareholders
  • Ability to process multiple share classes and master feeder structures
  • Segregation of investors by tax status
  • Electronic interfaces with prime brokers or other counter parties

 

G&S fund accounting services provide your hedge with independent third party verification and reassurance to your investor.

 

Management Company Accounting


G&S can maintain the financial accounting records of the fund's management company on a monthly basis.  We will create a comprehensive set of financial statements each month including an Income Statement and Balance Sheet. Fees for Management Company Accounting, however, must be paid for by the manager and not the fund itself.