Tier 4 · Accounting Department · $11,997/mo base
Your accounting department. Without the three salaries
For syndicators and integrated operators: consolidation across your entities, fund accounting, LP reporting, treasury cadence, audit support. $11,997/mo covers one entity and 3,000 transactions a month; each additional entity, including each fund, is +$297/mo. Reconciled by the 5th.
Capital accounts
28 LPs · reconciled| Contributions to date | $4,200,000 |
|---|---|
| Preferred return accrued | $312,400 |
| Q3 distributions paid | $185,000 |
| Capital accounts tied out | 28 / 28 ✓ |
| Q3 LP packages sent | Oct 12 |
Sound familiar?
- Your LPs get reports late because consolidation takes three weeks nobody has
- Capital accounts live in a spreadsheet one typo away from an investor dispute
- A fund audit or lender diligence request stops your whole company
- A controller, staff accountant, and CFO cost $180-220k/year, and you’d still have to manage them
What you get
- Everything in Finance Partner, at weekly cadence, plus:
- Monthly consolidation with intercompany eliminations. Statements a bank or LP can read
- Per-LP capital accounts: contributions, distributions, preferred return accruals
- Waterfall calculations per your operating agreement
- Quarterly LP reporting packages your investors forward to their people
- WIP schedules reconciled to the GL · multi-lender draw management at pipeline scale
- Weekly cash reporting and payment-run management
- K-1 support package delivered to your CPA. We do the math, they do the tax
- Audit PBC ownership end to end, two audits a year included. Your time protected
- Reconciled by the 5th, final close by the 20th · named controller-level lead on Slack · biweekly CFO meetings
Bought separately, an outsourced controller runs $5-8k/mo and a fractional CFO another $5-8k/mo, and neither one does fund accounting. In-house, a controller, a staff accountant, and a fractional CFO run $180-220k/yr loaded, and you’re the one hiring them, managing them, and covering the gap during turnover.
What the base price includes, and what you can add
The base price covers one entity, 3,000 transactions a month, the full Finance Partner stack at weekly cadence, fund accounting, two audits a year, biweekly CFO meetings, and a controller-level lead on Slack. Each fund counts as an entity. The menu below is what you can add.
| Upgrade | Price | What it is |
|---|---|---|
| Additional active entity | +$297/mo per entity | Each entity is its own set of books. Dormant entities (no transactions, no payroll) are never billed. |
| More volume | +$147/mo per 100 transactions | Above the transactions included in your tier. Reviewed quarterly against actual volume and moved up or down. |
| PM or STR platform reconciliation | +$197/mo per platform | AppFolio, Buildium, Airbnb, VRBO. We reconcile the platform ledger to your books. |
| Additional CFO meeting | $597 per meeting | A prepared 60 to 90 minute session with David beyond the standing cadence. |
| Lender or capital package rush | $247 per package | 24-hour turnaround. The standard 48-hour package stays included and unmetered. |
| Monthly review call | Included | 45 minutes with David walking the numbers, every month instead of a quarterly summary. |
| Direct line | Included | A private Slack channel, same-business-day response, and a named lead who knows your file. |
We don’t meter questions, calls, emails, lender packages, or document requests. Charging for communication teaches clients to hide problems, so we don’t charge for it. Audits past two a year, and capital-account reconstruction for a fund joining mid-life, are quoted flat.
The boundary line
We calculate, your CPA does the tax. We prepare, you execute every transfer. We support audits without performing them. Waterfall math follows your operating agreement exactly as written, and anything that needs interpreting goes to your attorney. We state this up front because at this tier, the boundary is what keeps everyone protected.
Accounting Department questions
How many clients do you take at this tier?
Deliberately few. Capacity is capped so LP reporting deadlines are never at risk. One missed LP deadline at this level ends a relationship, so we size the roster to make that impossible.
Our fund has an audit. Problem?
Good. We own the PBC list end to end and run document production, so the audit doesn’t own your company. Support for up to 2 audits/yr is included; anything past that is scoped flat.
Can you start mid-fund-life?
Yes. Capital account reconstruction (contributions, distributions, pref accruals from inception) is scoped in the onboarding quote after the file review.
Who does the tax work and the legal reads?
Your CPA and your attorney. We deliver the K-1 support package; your CPA does the tax. Waterfall math follows your operating agreement as written; interpretation questions go to your attorney.
This tier starts with a conversation, not a form
Book directly with David. Bring your entity count, fund structure, and next audit date; you leave with a straight answer on fit and scope.
Book directly with David