How Fund Administrator Is Different from Fund Accountant?
Fund Administrator Vs. Fund Accountant - What's the Difference? Fund administrators and accountants are common in businesses in the finance domain. Fund Administrator entails accounting, monitoring, and reporting transactions and values for the investment portfolio. A fund accountant, on the other hand, is primarily involved in an accounting system that non-profit entities use to monitor the cash amount allocated to various purposes and how that cash is used. Fund accounting doesn't track if the entity has made a profit as non-profits do not operate with the profit motive. A fund administrator looks into the management of the performance of funds, while fund accountants report investment portfolios to the executives. Let's understand the difference between the two in more detail. How a Fund Administrator and a Fund Accountant are Different? A fund of fund administrator is basically an outsourced third-party service provider who secures the needs of investors by confir