Fund Accounting & ABOR

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 an ABOR (accounting book of record) for those portfolios. See how to do this.

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

Alternatively, you can interact programmatically:

• Using the API endpoints in the Funds, FundConfiguration, Abor, AborConfiguration 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

• Setting up an ABOR: 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

• Closing, locking and re-opening accounting periods

• 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

• What is an accounting diary entry?

• 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 an ABOR configuration module?

• How do I create an ABOR?

• 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 for an ABOR?