At most firms, the "books" are assembled at quarter-end from fragments: a GL here, a cap table there, spreadsheets in between. Zive maintains one financial state across every fund, SPV, and entity, continuously. The books always exist, and they're always right.
The distinction sounds academic until it's the second week of a close and two systems disagree about an LP's capital account.
Generic accounting systems record transactions against a chart of accounts. Zive's ledger is purpose-built for the structures private capital actually runs.
Funds, SPVs, management companies, and blockers live on one ledger with clean separation and consolidated views, no duplicate books per vehicle.
Commitments, contributions, distributions, and allocations are first-class objects, not rows someone maintains in a side spreadsheet.
Fee schedules, waterfalls, and LP-specific arrangements are structured into the ledger itself, so calculations reflect your documents automatically.
Capital calls, expenses, valuations, and distributions all post through the same logic layer, which is why nothing has to be reconciled between systems.
Every entry is time-stamped, attributed, and traceable to its source document. The trail isn't produced for the audit; it's how the ledger works.
Bi-directional integrations with NetSuite, QuickBooks, and other systems keep external books in lockstep, without re-keying.
Numbers you can stand behind on any day of the quarter, not just after a close. When an LP or the GP asks, the answer is current and defensible.
The quarter-end rebuild disappears. Work shifts from assembling state to reviewing exceptions, which is a better job and a faster close.
A single, continuous, traceable record instead of a reconstruction. Fieldwork gets shorter because there's nothing to reconstruct.
Bring your structure to a 30-minute walkthrough and see what continuously reconciled books look like across all of it.