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Close a period

Approve the period's fee and expense runs, reconcile bank and card accounts, post draft entries, and lock the period.

Steps

A single close worklist that gathers these steps for a period is not yet available, so track them yourself as you go.

  1. Approve the period’s calculation runs. Management-fee and expense-allocation runs each carry their own preparer, reviewer, and approver, and a fee run ties out to an Excel workpaper.
  2. Reconcile each bank and card account. Each reconciliation produces its own workpaper and is completed by someone other than the person who prepared it — see Reconcile a bank account.
  3. Post the draft entries. Approve the period’s draft journal entries in NAVdryx. Posting directly to a connected GL is not yet available, so post an approved fee run’s entry from its CSV or Excel export, and enter other draft entries in the GL by hand. Final posting happens in the GL itself, as the controller’s action — see Accounting close for why that split exists.
  4. Close the period. A controller or fund manager closes it from the fund’s capital page, which locks capital activity dated in that period against posting and reversal. Reopening it takes a controller and a reason.
  5. Generate period reporting. Once fees, allocations, and reconciliation are settled, the period’s LP-facing reports — capital statements, rollforwards, performance metrics — are ready to produce. See Reporting.

If a GL integration is down

Nothing in these steps depends on a live GL connection to finish. An approved fee run’s journal entry still exports as a CSV or Excel file for manual posting, and the rest of the close — reconciliation, reporting — proceeds on schedule.