Fund Accounting

This doc set is under construction.

LUSID can produce financial reports in accordance with the double-entry system for all the economic activity in one or more transaction portfolios between two points in time.

To get started, you must set up a fund for these portfolios. See how to do this.

Providing you have appropriate permissions, you can interact with financial reports using the LUSID web app:

• Using the API endpoints in the Funds, FundConfiguration and Chart of Accounts collections.

• Using equivalent methods in the LUSID SDK in various languages.

• If you have a Luminesce license, using a set of providers.

Explanation: See the big picture

• Setting up a fund: A checklist

• How does LUSID generate journal entry lines from economic activity in portfolios?

Tutorials: Get started by doing something tangible

• Adding fees to a fund and automatically posting fee transactions

• Preparing a fund for launch

Reference: Understand concepts and implications

• Assigning economic activity to general ledger accounts using posting rules

• What are economic buckets?

• What is a trial balance?

• Using a general ledger profile to break down account activity in a trial balance

• Valuing a fund: Calculating GAV, NAV and other pricing data

• Clearing balances in P&L accounts down to zero at year end

• Realising gain/loss for cash holdings on trade date rather than settlement date

• Setting up capitalised and non-capitalised trade expense treatments

• Generating financial reports for funds

How-to guides: Get something done

• How do I create a chart of accounts (CoA)?

• How do I add general ledger accounts to a CoA?

• How do I add a posting module with posting rules to a CoA?

• How do I add a cleardown module with cleardown rules to a CoA?

• How do I add a general ledger profile with mappings to a CoA?

• How do I create a fund configuration module?

• How do I create a fund share class as an instrument?

• How do I create a fund?

• How do I create a fee type?

• How do I add a fee to a fund?

• How do I view journal entry lines for audit purposes?

• How do I create a trial balance?