Scope of Services: Management Company (APAC)
Services | Carta responsibilities | Client responsibilities |
Maintain accounting books and records | Quarterly cash reconciliation | Provide read-only access to bank account with the ability to set up wires |
Annual management of accounts payable, accounts receivable, and prepaids | Provide wire instructions and invoices for expenses, investments, create invoices that are sent to portfolio companies | |
Monthly invoice payments (excludes payroll services) | Client to provide invoices and any other supporting documents (if applicable). Provide monthly report/statement from third party payroll service provider. | |
Annual non-cash journal entry processing (accruals, amortizations, etc.) | Timely completion of regulatory business filings such as MAS filing and its equivalent | |
Provide books and supporting documentations to audit provider | ||
All documents to tax or audit teams will be shared through Box |