How Verivest Simplifies the Fund Accounting Process for Fund Managers

For many fund managers, fund accounting can feel like a maze of complex calculations, compliance regulations, and financial reporting requirements. The reality is that other firms often make this process more complicated and overwhelming than it needs to be—leading to frustration, costly errors, and wasted time.

At Verivest, we take a different approach. Our Onboarding Team works hand-in-hand with fund managers to ensure a smooth and stress-free transition through the First Accounting Cycle (FAC). Instead of leaving fund managers to navigate the complexities alone, we provide structured support, clear communication, and a streamlined accounting process.

Why Fund Accounting Feels Overwhelming

Many fund managers find themselves struggling with fund accounting due to:

• Confusing Terminology: Accruals, carried interest, NAV calculations, waterfalls—without guidance, these can be hard to grasp.
• Strict Compliance Regulations: Regulatory bodies require detailed and accurate financial reporting.
• Multiple Investor Contributions and Distributions: Managing cash flow between investors, fees, and fund expenses is complex.
• Lack of Standardized Processes: Many firms provide minimal guidance, leaving fund managers to figure things out on their own.

If handled incorrectly, these challenges can lead to reporting errors, investor dissatisfaction, and compliance risks.

Verivest’s Solution: A Clear & Guided Fund Accounting Process

At Verivest, we believe fund accounting shouldn’t be a roadblock to your fund’s success. That’s why our Onboarding Team is there to guide fund managers through every step of their First Accounting Cycle.

1. Personalized Onboarding Support

From day one, our Onboarding Team ensures fund managers understand the fund accounting process. We provide:

• A step-by-step breakdown of what to expect in the First Accounting Cycle
• A checklist of required documents and guided communication on reporting deadlines  
• Proactive follow-ups to keep fund managers on track

2. Hands-On Guidance Through the First Accounting Cycle (FAC)

One of the biggest pain points for fund managers is getting through the First Accounting Cycle. Other firms often leave clients to fend for themselves, but Verivest stays with fund managers until their first cycle is successfully completed. We ensure:

• Accurate financial reporting to meet compliance standards
• Timely investor statements that instill trust
• Smooth reconciliation of transactions and cash flows
• A structured approach to NAV calculations and fee allocations

This ensures that by the time fund managers transition to our Customer Success Team, they are fully prepared and confident in their accounting process.

3. Simplified, Transparent Reporting

Unlike firms that overcomplicate fund accounting, Verivest makes reporting straightforward and accessible. Our system provides:

• Clear, easy-to-understand financial statements
• Automated reporting features to reduce manual errors
• Investor dashboards for real-time transparency

This not only keeps fund managers organized but also builds trust with investors by ensuring financial clarity.

4. Ongoing Support & Compliance Assurance

Even after the First Accounting Cycle, Verivest continues to provide expert support, ensuring:

• Ongoing compliance with SEC and regulatory requirements
• Seamless audits and investor due diligence preparation
• Consistent, reliable accounting workflows

The Verivest Advantage: Removing the Stress from Fund Accounting

Choosing Verivest means choosing clarity, structure, and expert guidance in fund accounting. Instead of feeling overwhelmed, fund managers can focus on growing their fund and managing investor relationships while we handle the accounting complexities.

Why Fund Managers Trust Verivest:

• Comprehensive onboarding support through the First Accounting Cycle
• A simplified, easy-to-follow accounting process
• Accurate, compliant financial reporting
• Ongoing expert support to keep funds on track

Conclusion

Fund accounting doesn’t have to be intimidating. With Verivest’s structured onboarding process, fund managers gain clarity, confidence, and compliance—without the unnecessary complexity that other firms impose.

If you’re ready to take the stress out of fund accounting, let Verivest guide you through your First Accounting Cycle and beyond. Contact us today to get started!