1494 Labs Fund Accounting covers the general ledger, partnership and investor accounting, management and performance fees, waterfalls, liquidity terms and investor capital accounts in one platform.

Each fund is set up to its own agreement. Management fees are calculated and attributed to the investor accounts that bear them. Waterfall tiers, equalization methods and high-water marks are configured per fund and tested against example distributions before they affect a live period. Liquidity terms, including partial redemptions and repurchase offers with proration, are configured the same way.

Every number can be traced. Net profit and loss is allocated across investor capital accounts and reconciles to ending NAV, and each figure leads back to the entries that produced it.

A daily consistency check ties capital accounts, allocations and cash movements back to the ledger. Differences open exceptions with the fund, period and amount, so the operations team sees a break the morning after it happens.

Hedge, drawdown, registered and family office books run on the same ledger, and every function is available through the API.