Books that reconcile themselves

Every distribution syncs to your accounting software the moment it processes. Validation reports confirm accuracy, automated journal entries eliminate manual work, and your books are always up to date.

Book a Demo

Accounting Sync

Synced

QuickBooks Online

Connected · Auto-sync enabled

Active

Journal Entries

Jun 30Distribution Q2 2026 — Preferred Return

$246,600

Jun 30Distribution Q2 2026 — Return of Capital

$1,500,000

Jun 30Distribution Q2 2026 — GP Catch-Up

$61,650

Jun 30Distribution Q2 2026 — Residual Split

$431,800$107,950

Last synced: 2 minutes ago

12 entries synced

Step 4 / 4

Automated sync

Close your books without closing your browser

After every distribution, someone has to reconcile — usually by toggling between the distribution platform, the bank, and the accounting system, manually entering journal entries and hoping nothing slips through. Covercy One eliminates that workflow: the moment a distribution processes, the corresponding journal entries are created in your connected system and balances update in real time.

Sync to QuickBooks, Rent Manager, YardiBreeze
Automated debit/credit journal entries
Per-investor and hurdle-type breakdowns
Real-time, not overnight batches
Zero double-entry
Complete, audit-ready trail

Pre-close validation

Every number verified before it hits your books

Before any transaction posts, a detailed validation report confirms calculated amounts, investor allocations, and payment-channel totals. Review, approve, and close — with confidence. For firms running multiple funds, automated reconciliation is how you scale without scaling back-office headcount.

Validation report before any post
Calculated amounts and allocations confirmed
Payment-channel totals reconciled
Full distribution lifecycle logged

For the GP

Scale without scaling your back office

Automated reconciliation keeps your accounting system current and audit-ready, distribution after distribution.

Posted the moment you pay

Journal entries are created in your connected accounting system as payments process — no manual entry, no copy-paste errors, no overnight wait.

Verified before close

A validation report confirms every amount and allocation before transactions post, so your books close with confidence.

Audit-ready by default

Every calculation, payment, and reconciliation event is logged — generate an audit-ready report for compliance or investor review anytime.

Part of the Covercy One platform

Reconciliation closes the loop on your distribution workflow.

Reconciliation questions

Which accounting systems does Covercy integrate with?: Covercy One integrates with QuickBooks Online, Rent Manager, and YardiBreeze. Each integration supports bi-directional sync — distribution data flows into your accounting system automatically, and changes are reflected in real time.
How does Covercy eliminate double-entry?: When a distribution is processed, Covercy One automatically creates the corresponding journal entries in your connected accounting system. There is no need to manually enter the same data in two places — the sync handles it.
What do validation reports show?: Validation reports detail every calculation in a distribution: per-investor amounts, waterfall tier allocations, fee deductions, and net payment amounts. You review and approve the report before any funds move or journal entries post.
Can I see a complete audit trail for distributions?: Yes. Covercy One logs every event in the distribution lifecycle — calculation, validation, payment initiation, settlement, and accounting sync. You can generate audit-ready reports at any time for compliance or investor review.