The Accounting Dashboard for venture firms, featuring financial reports, will be available to eligible users in place of the previous Portfolio Dashboard. The new Accounting Dashboard will allow users direct access to their financial reports, including key metrics and accountant-verified statements.
Portfolio Dashboard Deprecation
The Portfolio Dashboard is being replaced with the new Accounting Dashboard for funds enrolled to receive financial reports. Funds that are not enrolled in the financial reports service will continue to have access to the Portfolio Dashboard. All users will retain access to the Transaction Reviews tab.
Financial Reports
Funds enrolled to receive financial reports can now download their accountant-verified financials directly from the new Accounting Dashboard as Excel workbooks. These financial reports provide an accounting of your fund, including the balance sheet, income statement, statement of operations, cash flow statement, and portfolio reporting.
If your fund isn't currently enrolled to receive financial reports and you'd like to learn more, please reach out to your Customer Relations team for more information.
Key Metrics
Each financial report includes a summary page highlighting key metrics, including MOIC, DPI, and Net IRR. Each metric is directly linked to supporting data in workbook sheets, allowing for additional analysis of the underlying numbers. The workbooks are dynamic, allowing users to adjust variables and instantly see their potential impact on fund performance on the summary page.
Accountant Verified Statements
Accountants from Belltower's tax team manually review all your funds' accounting data to create these reports. After they've reviewed the numbers, the accountants close the reporting period and lock the data to ensure accuracy, a process known as closed-period accounting. Any activity that takes place after the accounting period is closed will be included in the financial statements for future periods.
You can find more information about financial reports in our New Fund Financial Reporting Experience FAQs article.