K1x Ideas
Describe your idea. The more information you provide, the clearer picture of your idea we will have. |
Rolling prior year estimate info to current year investments so that K1x can help calculate true-up adjustments. |
How will this idea help you and potentially others? Understanding how things are done today, where the pain is, and how the idea is beneficial puts us in your shoes. |
True-up adjustments are common in the fund of fund space, where many apply info cut-off dates. Currently, true-ups are being manually calculated outside of K1x, and the adjustment amounts aren't captured in K1x so there isn't a full picture of all investment activity in K1x. |
Who will benefit from this idea? Whether it's specific roles of users, users of a specific product, or certain departments/markets, this helps us know who to talk to when we need more information. |
Any user that ingests K-1 estimates and performs true up calculations in the following year. |
How do you envision this idea being implemented at K1x? You're the expert and understanding how you see this working helps kickstart the idea. |
Prior year estimate data should roll to following year as a reversal and offset against the prior year K-1 being picked up in the current year so that a true-up adjustment is ultimately calculated. There could be a separate section within the investment that shows prior year reversal. There may need to be two iterations of the same investment, 1) for current year amounts, and 2) for prior year true-ups |