Reconcile:

Income Statement Reconciliation

Automate Income Statement Reconciliation

Fund Recs automates Income Statement reconciliation across administrators, fund accounting systems, and internal records. The platform standardises income and expense data, compares line items, and highlights discrepancies instantly - giving teams confidence that reported results are accurate and complete.

For the Analysts

Automated line-by-line comparison
Reconcile revenue, expenses, realised and unrealised gains, and other P&L components across all sources.
Configurable rules and tolerances
Apply thresholds by fund, share class, or account to focus on material differences.
Period and trend coverage
Compare current period results to prior periods to identify unexpected movements.

For Oversight Teams

Exception dashboards
View Income Statement differences by fund, account, or category and prioritise reviews efficiently.
Audit-ready reporting
Generate structured reports showing values, variances, explanations, and resolution history.

How It Works

Data ingestion and standardisation
Load Income Statements from administrators, accounting systems, or internal models in any format. Fund Recs standardises account structures for comparison.
Income Statement reconciliation engine
Match P&L line items across sources and flag differences outside defined tolerances automatically.
Exception management
Assign, comment, and resolve breaks within the platform. Every action is logged for audit.
Scalable automation
Run reconciliations across multiple funds and reporting periods in minutes.

Why Income Statement Reconciliation Matters

The Income Statement reflects a fund’s performance and profitability. Differences between systems can distort results, delay reporting, and raise audit or regulatory concerns. Automating this process ensures income and expense data is consistent, validated, and ready for accurate reporting.

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Reconcile

Income Statement Reconciliation

Fund Recs automates Income Statement reconciliation by ingesting data from all sources, standardising line items, and applying rule-based matching. Discrepancies are flagged instantly, with dashboards and workflows that make investigation and resolution fast and transparent.

Problem

Income Statement Reconciliation

Income Statement data is produced by multiple systems using different account structures, timing, and calculation logic. Manual comparison is time-consuming and prone to error, especially across large fund ranges and frequent reporting cycles. Small discrepancies can be difficult to trace and explain without automation.

Solution

How Fund Recs Helps

Benefits

Why It Matters

Accurate Income Statement data underpins investor reporting, performance analysis, and regulatory compliance. Automating reconciliation reduces operational risk, improves transparency, and ensures every reported result is consistent, explainable, and trusted.

Handle Unstructured Data

Use our AI parsing technology to extract key data points from Private Market documents.

Exception Based Review

Frees teams to focus on investigation, not data matching

Audit-Ready Evidence Packs

Strengthen audit readiness with evidence packs - reconciliations, exceptions, approvals.

Any Data Source, Any Format

Scales easily across multiple funds, systems, and providers

See Fund Recs in Action

Explore how our Income Statement Reconciliation workflow gives teams the confidence and time to focus on investigation rather than data formatting.

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