FUND ACCOUNTING
Nottingham’s proprietary fund accounting and administration systems were developed with systematic controls to ensure efficient and accurate reporting of fund prices. This includes, for those funds valued daily and reported to NASDAQ, fully functional NAV reporting through all relevant reporting media. Your fund’s accounting data is processed accurately and efficiently through our integrated interfaces with prime brokers, custodians, transfer agents, pricing and corporate action service providers.
Each fund accountant, responsible for a limited number of portfolios, works diligently to compile the information that is entered into our automated systems. Fund accounting teams are established for duplicate and senior level review of the work packs generated at the end of each day.
Critical information regarding your fund's daily performance is kept at your fingertips with customized reports and data tailored to meet your needs. Through creation of a customized online portal, your advisors and shareholders will have access to fund history, balances and transactions providing any data feed reports that a manager requests. Nottingham’s IT team can also integrate the requested reports directly into an existing website, so that your NAV is updated and available online daily.
Fund accounting services include:
- Daily NAV calculations
- NASDAQ Reporting
- Prepare customized financial statements and reports
- Provide optimized management reporting
- Record security and cash transactions
- Record corporate actions (i.e. dividends, stock splits, etc.)
- Account for income (dividends and interest)
- Calculate fund distributions in accordance with tax and other relevant requirements
- Oversee the preparation of draft financial statements for audit, and the tax return preparation
- Calculate fund performance