Penny™ tracks stock par values and additional paid-in capital, and even handles the complexities of rounded NAVs and corporate income allocation - so all reports are consistent: from the shareholder register, to the trial balance.
- Track investments by contribution.
- Allocate results by shareholder or share class and series.
- Monitor subscriptions for anti-money laundering requirements.
- Calculate estimated returns any time, even on a daily basis and including performance fees.
Extensive Investor Transactions
- Contributions - record shareholder capital.
- Withdrawals - specify percentage, amounts, or shares.
- Assignments - transfer among or between shareholders.
- Series Conversions - year-end rollups, write-offs, and refunds.
- Dividends - pay investors dividends.
Incentive & Management Fee Calculations
- Rolling fees - report on year-to-date fees (charged or uncharged).
- Losses - complete loss carry-forward calculations.
- Withdrawal charges - avoid overpayments by calculating fees on exit.
- Calculation overrides - make it easy to handle special circumstances.
Powerful Tracking & Reporting
- Capital-based fees - calculate custodial fees.
- Income at posting - get interim results without closing.
- Robust allocations - by capital, shareholder, hot issue, custom.
- Salesperson capital tracking - easing commission calculations.
- Distributions - compiles and organizes recipient data.
- Performance calculations- IRR and linked rates of return.