Financial statements

A balance sheet and P&L where every figure traces to a journal entry.

Your NAV rests on a full set of books, not a snapshot. PennyWorks produces the statements a fund reports on and an auditor tests: a balance sheet, a profit and loss statement, and the supporting ledger behind them.

What you get

• Balance sheet. Assets and liabilities as of any period close, including positions in flight, such as a bridge leg that has left one chain and not yet arrived on another, that a snapshot tool would simply drop.
• Profit and loss. Realized and unrealized results, trading gains, fees, and income, including the income that never had a transaction and has to be accrued.
• The ledger behind them. Every line is a set of double-entry journal entries, so the statements are internally consistent by construction.

Why it holds up

Every figure on a statement traces down to a journal entry, and every entry back to a specific transaction, onchain, exchange, or OTC. At each period close the books are reconciled against the onchain snapshot, so the statements are not just internally consistent, they agree with the chain. That audit trail is the difference between a number you can report and a number you can defend.

The same ledger produces your NAV and your capital gains and tax lots, so all three tell one story rather than three that have to be reconciled to each other later.