What is the Day 1 Financials workflow?
The Day 1 Financials workflow is designed to streamline and fast-track the delivery of financial packages at year-end. The Day 1 financial reporting progress tracker simplifies tracking, review, and approval of financial reports.
What entities are included in Day 1 Financials?
The Day 1 Financials workflow is available for funds or SPVs reporting on an annual or quarterly basis.
Included entities
Funds and SPVs
Entities reporting on an annual or quarterly cadence
12/31 year-end
Entities with prior financial packages completed on Carta
Entities using the real-time partner level allocations feature
Excluded entities
Management companies
GP entities
IFRS or UK GAAP reporting standard
Onboarding entities
Fund families
Non-calendar fiscal year-end
Entities not using the real-time partner level allocations feature
How do I check if my fund is included?
Funds included in the Day 1 Financials flow have access to the financial reporting progress tracker. This tool allows you to review and monitor the status of each entity's financial package.
To find the financial reporting progress tracker, navigate to the Dashboard page, then scroll to the bottom of the screen and click View Progress on the financial reporting tile.