nav-tieout
重算 LP 資本帳戶，把對帳單核對到基金 NAV 資料包
中文翻譯
---
name: nav-tieout
description: 把 LP 對帳單核對到基金的 NAV 資料包：用 NAV 組成項目重新計算該 LP 的資本帳戶，並標出任何對不上的項目。在發送 LP 對帳單之前使用。
---
# NAV 核對
給定一份產生出來的 LP 對帳單和該期間的 NAV 資料包（透過 nav MCP），獨立重新計算該 LP 的資本帳戶，並逐項比較。
> **產生出來的對帳單是被測試的對象。** NAV 資料包才是真實的來源。
## 重新計算 LP 資本帳戶
```
Beginning capital (prior statement ending)
+ Contributions (capital calls paid this period)
− Distributions (cash + in-kind)
+ Allocated net income / (loss)
= LP% × (realized + unrealized P&L − management fee − fund expenses)
− Carried interest allocation (if crystallized this period)
Ending capital
```
每個輸入都從 NAV 資料包取得：LP 出資承諾比例、基金層級的損益組成、費用合計、waterfall 輸出。
## 比較
對對帳單上的每一項，與你重新計算的值比較。容許範圍：`0.01`。每一筆不吻合的項目，都要註明是哪個輸入造成的（例如「allocated P&L differs — statement used 12.40% ownership, NAV pack shows 12.38% after the Q1 transfer」）。
## 額外檢查
- 這份對帳單的期末資本 = 下一期草稿的期初資本（如果有的話）。
- 所有 LP 的期末資本加總 = 基金 NAV（四捨五入內）。
- 出資承諾、未出資和可召回的數字，與出資承諾登記冊一致。
## 輸出
每一項的通過／不通過、重新計算的值與對帳單上的值並列，以及一份標記清單。不要編輯對帳單，由發布人員在審閱後依標記處理。英文原文
---
name: nav-tieout
description: Tie an LP statement to the fund's NAV pack — recompute the LP's capital account from the NAV components and flag any line that doesn't agree. Use before LP statements are distributed.
---
# NAV tie-out
Given a generated LP statement and the period's NAV pack (via the nav MCP), independently recompute the LP's capital account and compare line by line.
> **The generated statement is the thing under test.** The NAV pack is the source of truth.
## Recompute the LP capital account
```
Beginning capital (prior statement ending)
+ Contributions (capital calls paid this period)
− Distributions (cash + in-kind)
+ Allocated net income / (loss)
= LP% × (realized + unrealized P&L − management fee − fund expenses)
− Carried interest allocation (if crystallized this period)
Ending capital
```
Pull each input from the NAV pack: LP commitment %, fund-level P&L components, fee and expense totals, waterfall outputs.
## Compare
For each line on the statement, compare to your recomputed value. Tolerance: `0.01`. For each mismatch, note which input drives it (e.g., "allocated P&L differs — statement used 12.40% ownership, NAV pack shows 12.38% after the Q1 transfer").
## Additional checks
- Ending capital on this statement = beginning capital on next period's draft (if available).
- Sum of all LP ending capitals = fund NAV (within rounding).
- Commitment, unfunded, and recallable figures agree to the commitment register.
## Output
A pass/fail per line, the recomputed values alongside the statement values, and a list of flags. Do not edit the statement — the publisher acts on the flags after review.