# Fund Ledger: every call, check and report in one book

Tired of typing in capital calls? The fund ledger is your investment office's book of funds. It reads the calls for you, checks the wire and keeps each fund up to date. [Try the platform](/try) and open a sample fund book now.

## Check a fund before you buy
Open a due diligence case for each fund you look at. Move it from first look to deep dive, then review, then yes or no. Each term links to the page it came from. The manager's contacts sit on the case. Each fact is marked as new, checked or in doubt. The reviewer signs off on the exact copy saved. Then the case prints a diligence report, with a source for each claim and the open questions in view.

## The Funds Inbox reads the mail
Capital calls, payout notices, K-1s and reports come in by email or upload. They land in the Funds Inbox. Each one is read for you and matched to its fund. Each is made into the entry it calls for. The numbers on each statement are checked against your books. A person checks the entry and posts it with one click. No more typing in the same numbers each quarter. A late report shows up on its own.

## Stop wire fraud before it starts
A fake notice with new bank details is how money gets stolen. Here the bank details on each call are checked against the ones on file before anyone pays. A change is flagged for a person to look at. Each call also sets its own to-do list: ten days out, three days out and the day it is due. A board shows which funds send their mail on their own, and mails the request to those that do not.

## Every call and payout in one place
Each fund keeps its commitment, every call, every payout and any holdback. See what is paid in, what is still to come and what can be called again. Each entry keeps its notice and its date. A fund keeps its own currency, so a euro fund reads in euros. Nothing is lost when someone leaves the office.

## Estimates, finals and audited numbers
A manager's report may come first as an estimate, then a final, then an audited number. Each one takes the place of the one before, and the old one stays on file. Returns that rest on an estimate are marked. A close board lists each report the quarter needs. You close the quarter when they are in.

## PME and Direct Alpha for every fund
Pick a stock index for each fund. PME, the test of Kaplan and Schoar, shows if the same cash in that index would have done better. Direct Alpha puts the gap as a rate per year. A group of funds uses its pooled cash flows, not an average. Each fund's IRR, TVPI, DPI and PME are ranked with funds of its own year, type and region.

## Plan the calls ahead
Pacing shows what each fund will call, pay out and be worth, year by year. It starts from the fund's real history and uses a model with stated rules for each type of fund. Change growth, fund life or the start of calls, and see the book move. Then add cash, credit lines and the payouts you expect. See how well they cover the calls to come, and any gap.

## Try it with a sample fund book
Open the sample office now. You do not need to sign up to look. See nine funds, their calls, their PME and their pacing. Then add your work email to open the live workspace and try your own what-ifs. [Try the platform](/try), or [talk with us](/contact) about moving your fund book.