Process Multiple Cash Distributions and Capital Calls for Private Equity

WRITERS NOTE: need sample data if we want a screenshot

In the Multiple Cash/Calls panel, you can enter and submit multiple Cash (LPCASH) and/or Call (LPCALL) transaction events at a time for a single private equity position. The information you enter is similar to the information you enter for a single Cash (LPCASH) transaction in the Capitalization/Cash Entry/Final Close panel and for a single Call (LPCALL) transaction in the Commitment Adjustment/Capital Call panel. Using the Multiple Cash/Calls panel allows you to capture both cash distributions and capital calls in a single panel, with the option to process multiple income, expense, and gain/loss entries. The LPCASH event and LPCALL event are part of the Capital Based Fund Investment workflow used when you set up a private equity security with a processing security type of Capital Based Fund Investment (EQCBFI).

To book cash distributions and/or capital calls for private equity using the Book Trade tool:

1. In Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade. 
   You see the Book Trade workspace.

2. Complete the options in the Search Details pane and click Search.
   You see the search results based on the criteria you selected.

3. Select the row with the private equity security with holdings you want to update.

4. On the Book Trade tab, in the Actions group, click Action Rules, point to Other, and then click Multiple Calls/Cash
   You see the Multiple Cash/Calls panel.

5. In the Entity Information section and the Issue Information section, identify the entity and security for the private equity position that you want to update.

6. Under Capitalization/Cash/Close Information, set Transaction Name to either Cash or Call.
   You see the fields that apply to a Cash or Call transaction. You can view the initial commitment amount for the private equity fund.

7. Complete the options for the transaction on the Multiple Cash/Calls panel.

8. You can add additional transactions using the pane that appear at the bottom of the Multiple Cash/Calls panel, as follows:
   - Click the lower pane.
   - Right-click and select Add Rows.
   - Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional transaction you want to process.

9. Complete the fields as needed on each row you added.

10. Click Submit to process the transactions.