Accounting for partnerships
& private equity.
Multi-entity ledgers, automated K-1 generation, partner capital accounts, and distribution waterfalls — built for the structures spreadsheets weren't designed for.
The fund-accounting stack, in one ledger.
Everything below is built around the same append-only ledger. No double-keying. No spreadsheet round-trips at quarter-end.
Append-only ledgers per fund, GP, and management entity. Full audit history is the storage model, not an afterthought.
Schedule K-1s with footnotes, §743(b) basis adjustments, and §704(c) special allocations. CPA-friendly export.
GAAP and tax-basis capital tracking per partner with reconciliation reports. Beginning, contributions, allocations, distributions, ending — every quarter.
Pro-rata, layered, and special allocations across LPs and the GP. Side-letter aware — fee discounts and MFN clauses applied automatically.
European and American carry models, preferred returns, catch-up provisions, clawback computation. All tied back to the underlying ledger.
Quarterly capital statements per investor with DPI, TVPI, gross/net IRR. PDF or self-serve LP portal.
Two-way integration with Carta, Pulley, and AngelList. Investments, exits, and rounds reflected at the share level — booked automatically.
Plaid for operating accounts. Direct integrations for Fidelity, Schwab, and Goldman custody. Reconcile daily, not quarterly.
Ready to look at your books differently?
TallyWick is in active development with a small set of design-partner funds. If your back office runs on Excel and emails, let's talk.