Accounting for investment funds

How does mutual fund accounting work?

Entrepreneurs constantly looking for tax optimization methods can use closed-end investment funds for this purpose. Investment funds are CIT-exempt entities, which means that they do not have to pay tribute on the profits they generate.

Taking advantage of the specific forms of companies and their affiliations, it is possible to defer the moment of income taxation by reinvesting all profits in subsequent ventures.

accounting outsourcing for a medium-sized company

Accounting office that knows the specifics of investment funds

We offer accounting for investment funds thanks to the many years of experience of our Warsaw and Katowice teams and a thorough knowledge of the issues that fall within the scope of comprehensive financial services for such entities. This takes into account, among other things:

Valuation of Fund assets in accordance with the Accounting Policy and the adopted Articles of Association, and periodic confirmation with the Depositary,
Conducting arrangements with the Depositary for the valuation and accounting policies of the Fund,
Determining the Fund's liabilities, the value of the Fund's Assets, the Net Asset Value of the Fund and the Net Asset Value per Investment Certificate on the valuation dates specified in the Articles of Association,
Participation in agreeing on procedures for cooperation between the Society, the Depositary and the Contractor,
Reporting to the Financial Supervisory Commission and other investment funds and capital markets supervisory authorities,
Overseeing compliance with the Fund's investment limits and informing the Society of any exceedances of these limits,
Calculation of provisions for the Fund's costs,
Constant cooperation with the auditor designated by the Society, in particular, in the periodic examination and review of the Fund's accounts and reports,
Preparation of the Fund's reports required by the National Bank of Poland and the Central Statistical Office,
Electronic document circulation, i.e. remote access to data and reports, merging all funds regardless of their number.

Modern accounting services for funds

Fund accounting requires not only knowledge of specific accounting regulations, but also very good organization of document circulation as well as constant cooperation with the fund management company and the depositary bank.

We use our electronic document circulation system for this purpose, which allows all interested parties to follow on line the emerging documents. An additional advantage is the collection in one place of information on all funds handled by the company, which can be viewed in the form of a single report.

Aider Polska's (MDDP Outsourcing) offer for investment funds also includes a comprehensive approach to taking care of all areas in the accounting and bookkeeping field:

bookkeeping,
human resources and payroll services,
support in maintaining bank accounts and generating payments,
legal and tax consulting
implementation of financial and accounting systems.