nav-tieout

LP statement capital account reconciliation is automated by comparing each statement line to independently recomputed values from the NAV pack. The process evaluates consistency in ending capital and commitment figures, returning a pass or fail assessment with flagged discrepancies.

Checking LP statement ending capital involves independently recomputing the LP's capital account from the NAV components. The reconciliation validates ending capital consistency and commitment figures against the commitment register to ensure accuracy before distribution.

Commitment figures are validated during LP statement reconciliation by checking them against the commitment register. This additional check ensures that the stated commitments align with the independently recomputed capital account values from the NAV pack.

Discrepancies in a line-by-line LP statement comparison are identified by flagging differences between the reported values and the independently recomputed figures. The output provides a pass or fail assessment for each line and highlights specific mismatches.

Capital account reconciliation requires two input files: the LP statement and the fund's NAV pack. These documents provide the reported figures and the underlying components needed to independently recompute and validate the capital account.

An LP statement tie-out is needed before distribution to ensure the reported capital account matches the fund's NAV pack. Running this reconciliation validates line-by-line accuracy and prevents errors in ending capital and commitment figures.