Account Statement
Net assets change for two different reasons: the fund earns or incurs amounts, and investors add or withdraw capital. The income statement explains the earnings part. The changes-in-net-assets bridge carries the opening value forward with recorded capital flows and net income to the ending value. A contribution increases net assets without becoming income; an expense reduces earnings whether or not it was paid in that same window.
Open Accounting → Reports → Account Statement to read those two fund-level presentations together. This is distinct from an individual investor's capital account statement or a bank statement.
Choose the reporting scope
Select Entity and its matching Accounting Period, then read the report dates. Select both explicitly: a missing period can use the latest entity period, while an unresolved selection can fall back to calendar-year dates.
The columns are Quarter to Date, Year to Date and Inception to Date. QTD and YTD start at the calendar quarter/year boundaries determined by the reporting end date; they do not necessarily start at an arbitrary selected period's beginning.
The screenshots use Cedarbridge Reporting Example LP, July–September 2026, with fictional USD accounting records. The period is Open. These examples explain report calculations; they do not demonstrate execution of payment, posting, fee/allocation runs, valuation approval or close.
Prepared fictional Q3 statements: net income USD300 and ending NAV USD10,300. QTD, YTD and ITD are separate windows, not values to add.
Read the statement and NAV bridge
Read each window from its own opening amount to its own ending amount. Income less expenses gives net income for that window. Opening net assets, signed investor capital movements and that net income explain ending net assets. The ending value already contains those effects, so adding the income or capital flows to it again would double-count them. QTD, YTD and ITD repeat overlapping history over different windows.
The income statement presents income and expense accounts, rolled into their configured parent presentation accounts where applicable. The NAV bridge explains opening net assets, capital movements, net income and ending net assets for each window.
A row labeled Capital Calls in this presentation uses capital-ledger contributions. It does not count capital-call notices or independently prove cash receipt. Distribution and redemption rows likewise use recorded capital-account transactions. Redemptions appear only when nonzero in a displayed window.
Read each column as its own bridge. Do not add QTD, YTD and ITD together. The top NAV card uses the ITD ending value; repeated summary metrics in the underlying rows are not separate values to sum.
Trace an unexpected amount
- Match the entity, period end and intended QTD/YTD/ITD window.
- Inspect the supporting journal and capital-account records in Accounting Operations. Confirm source, date, category, currency and lifecycle.
- For a capital flow, trace the subscription activity and cash settlement separately. A notice or bank receipt alone does not establish its recorded capital-ledger effect.
- Correct a confirmed source or accounting error through the authorized workflow.
- Refresh this statement and the affected Accounting Review & Close controls before sharing an output.
This report's GL presentation includes journals whose status is not Draft; it is not strictly a Posted-only filter and does not separately exclude Reversed headers. Its P&L excludes closing journals. Investigate reversal lineage if a report differs from a Posted-only control.
The USD heading does not perform FX conversion or separate mixed-currency amounts. Use a coherent single-currency scope and obtain accounting review before interpreting mixed-currency results.
In the reporting example, USD10,000 of contributed capital plus USD500 of unrealized gain less USD200 of recognized expenses gives ending NAV of USD10,300. The USD200 includes a USD100 operating accrual and USD100 of prepaid amortization. Capital Calls is this report's accounting presentation of capital funding; it is not an unpaid-call notice balance.