Portfolio Accounting Foundation

Multi-Basis and Multi-Currency Control of Your Book of Record

Accounting Foundation

For more than two decades, top-ranked investment management firms have trusted the reliability and integrity of the QED platform to maintain their official book of record. This tradition of excellence continues today as QED delivers incomparable investment accounting and cash management capabilities to our clients.

The QED platform greatly improves the accuracy of your investment recordkeeping and reduce operational processing errors with the automation of:

  • Securities Processing, Settlement, and Reconciliation
  • Corporate Actions and Issue Level Events
  • Security Master, Referential Data, and Securities Pricing
  • Position Holdings, Exposure Updates, and Cash Availability
  • Profit and Loss, and Financial Statements
  • Performance Measures and General Ledger Journal Entries
  • Dashboard and Flash Report Presentation

QED's globalized investment accounting engine respects national and international accounting standards – augmented with your accounting rules – to ensure accurate treatment of each transaction and reporting of each position.

Extensive data validation provides comprehensive error detection and notification to ensure your investment information is accurate and reliable. Reversals and corrections of posted activity automatically adjust subsequent history, flow to accounting results and generate audit trails broadcast to real-time monitors that display changes as they occur.

World Class Coverage

The QED platform covers and automatically processes an extensive array of global investment instruments including:

  • Global Fixed Income and Structured Debt
  • Global Equities
  • Cash and Cash Equivalents
  • Structured Finance Instruments
  • Variable Rate, Stepped Rate, and Reset Instruments
  • Foreign Currency Contracts
  • Mutual Funds, ETFs, UITs, Money Markets, and Conduits
  • Options, Futures, Swaps, and Limited Partnerships
  • Derivatives, Esoterics, and Alternative Instruments

Commingled Investing

The QED platform features commingled investment fund and participant accounting on a fixed unit or variable net asset value (NAV) basis. Participant accounts may hold unit investments with other assets and automatic processes evaluate, apportion, and distribute participant earned income as cash or payments in kind. Earnings and income receivables are maintained for unit holdings with automatic cash settlement between commingled pools and participant accounts. Management of idle cash across separate accounts is simplified through automated cash sweeps to one or more cash concentration accounts for intraday evaluation and investment.

General Ledger

QED's General Ledger automates financial statement reporting through rules-based processes that automatically journalize investment activity and market valuation. The General Ledger extends your portfolio accounting capabilities with entity-level and consolidated financial reports including trial balance, income statements, and flow of funds analysis. The General Ledger enables you to:

  • Manage multiple charts of account, hierarchical entity roll-ups, and fiscal accounting periods
  • Produce GAAP, FASB, GASB, IFRS, and client-specified evaluations
  • Maintain dual-entry journal transactions with links to underlying position and transaction records
  • Create user-defined data procedures for communication with third party systems

Procedural workflows simplify journal entry and ledger updates for investment transactions, cash activity, income and earnings accruals, amortization, realized gains and losses, and captures market and foreign exchange revaluations. Interactive and automated interfaces can also be configured to synchronize the QED General Ledger with your ERP or other enterprise accounting platform. QED's General Ledger, coupled with the investment sub-ledger, integrates your operational workflows with your accounting controls to produce your financial results - automatically - with less effort and time.

Financial Audit Cycle

QED's accounting close workflow is transparent and non-disruptive to trade processing and information availability. Complementing entitlement recordkeeping (revisions, settlement, and reconciliation), the QED platform tracks and captures the full impact of out-of-period redactions and remands as they occur allowing values to flow to the General Ledger and performance evaluations. This immunizes published financials from retroactive changes to market valuation, interest accruals, payables, receivables, book value adjustments, amortization, cash flows, gains and losses, foreign exchange bifurcation, and other accounting metrics.

Hard close reporting and General Ledger update processes naturally incorporate retroactive changes into the current accounting period while accounting for cascading changes that can affect multiple historical periods. Financial reporting provides seamless evaluations against either the trading or hard close record as a run-time filter.