Meet Neo, your AI-powered Co-GP.
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.
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
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
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.
Fund Administration
Institutional-grade NAV, bookkeeping, tax, and K-1s, delivered inside the same platform.
ExploreBanking & Payments
Open fund bank accounts and move capital on integrated, regulated banking rails.
ExploreNeo, your AI Co-GP
The AI layer that drafts investor updates, runs reports, and automates workflows across Covercy One.
ExploreReconciliation 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.