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Asked by

Community Member

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Accounting & Taxes

Do you recommend cash basis accounting for Fund I, II, and III?

If so, why? If not, why not? Do you recommend cash basis accounting for operations but also having accrual in your data room for future limited partners that require reporting on GAAP standards?
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Answered by

Rob Del Prete

on

Accrual base accounting is the preferred method for VC Funds.

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