Accounting & Bookkeeping
Maintaining the financial records of a single entity under various GAAPs is already a complex task. However, the challenge intensifies when dealing with entities that operate across multiple locations. The complexity further escalates when considering the type of activities these entities engage in, such as Special Purpose Vehicles (SPVs), master holdings, or funds. Each of these activities may have distinct financial reporting requirements and divergent needs.
Moreover, the accounting profession is undergoing significant changes. Traditional bookkeeping practices are gradually becoming obsolete. The future of accounting lies in efficiently managing data to generate accurate reports and accounting outputs. This shift aims to enhance the role of accountants, enabling them to contribute more strategically to decision-making processes.
Your challenges
Accounting is inherently complex and time-consuming due to various challenges:
- Management of a large number of stakeholders: Requires significant coordination and communication efforts.
- Handling vast volumes of data: Data often varies in quality due to diverse sources and practices.
- Multiplicity of regulatory requirements: Different countries have distinct regulations that necessitate meticulous attention to detail and compliance.
- Digital transformation: The industry is continuously adapting to new technologies and processes.
These challenges highlight the intricate nature of accounting for large groups and the need for robust systems and strategies to navigate them effectively.
How we can help
Accounting and finance operations services for Alternative Investments
We can assist you at each level of your structure (investment level, SPV level and Fund/Top entity level) and at each step of the company life cycle, from incorporation to liquidation for Luxembourg based entities and also foreign entities in close collaboration with the PwC network.
Intercompany transactions
Typical challenges faced by Alternative investment accounting
Challenges faced by Alternative investment accounting
Here are the Top 5 alternative investment accounting challenges.
Our services include...
- Bookkeeping for entities in Luxembourg and abroad (with the support of PwC Local offices) in various GAAP (Local, Group, IFRS, ...) and for all type of activities (Property Company, SPVs, Master holding, Funds, etc.);
- Periodic reportings (using your template or our template);
- Preparation, coordination and filing of statutory annual accounts for your entire portfolio;
- Consolidation and preparation of consolidated financial statements;
- NAV computation (including GAAP to GAAP conversion and INREV reporting);
- Property Company accounting and coordination with property managers;
- Any type of financial reporting required for management purposes;
- Accounting technical advice;
- Data visualisation: provision of our accounting and compliance plateform with real-time dashboard and drill-down functionalities.
...and our synergies with other compliance obligations depending on your needs
Integrating bookkeeping and financial statements preparation with other compliance tasks can greatly enhance your end-to-end compliance process. Our team has extensive experience in providing integrated compliance solutions. We combine our financial services with the organisation of Board and Annual General Meetings for financial statements approval, as well as the preparation of your VAT and Tax returns.
This approach results in a streamlined, cost-effective, and easy-to-monitor process.
Our added value
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Tax Insights
Contact us
Pierre Donis
Tax Partner and Authorised Manager of the PSF, PwC Regulated Solutions S.à r.l.
Tel: +352 62133 51 15
