Shadow Accounting

An independent, parallel calculation an LP or GP maintains to verify that another party's numbers still describe the same economic reality.

Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.

See also

ReconciliationThe process of proving that two independently maintained records of the same fund activity — such as a GL and an LP allocation — describe the same underlying reality.
General Ledger (GL)The fund-level accounting record of capital calls, distributions, fees, and expenses that the fund's financial statements are built from.

Related reading

See it in action Back to the glossary