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Syndicately Adds ASC 718 Support

To assist you in preparing for your upcoming audit, we are introducing Version 2 of our software, which includes a feature that allows you to generate compliant reports whenever needed. Today, Syndicately’s SPV management platform has unveiled a novel tool designed to automate ASC 718 stock-based compensation reporting. 

Max Avery, Chief Business Development Officer for Syndicately went on to explain, “This new feature helps businesses easily create audit-ready financial reports for profits interest units right on Syndicately’s platform. Syndicately’s automated ASC 718 reporting for profits interest units not only saves time but also eliminates possible mistakes, giving you the assurance of presenting strong and error-free reports during audits.”

Recognizing the pressing need for real-time ASC 718 reporting for our clients’ profits interest units, Syndicately has taken action. Historically, our clients have been burdened with annual expense reporting due to the labor-intensive nature of in-house reporting. 

With the introduction of Syndicately’s automated ASC 718 Financial Reporting tool, you’ll be able to:

  • Automate expense and disclosure reports in real-time using their Syndicately cap table data, eliminating the need for manual reconciliation.
  • You can tailor your reporting criteria and effortlessly generate consistent reports with just a few clicks.
  • These reports are not only precise but also supported by transparent calculations that adhere to the most up-to-date ASC 718 accounting standards.
  • Approach audits with confidence, armed with accurate, transparent, and defensible stock-based compensation expense and disclosure reports.
  • Tailor reporting parameters and consistently generate reports on a monthly, quarterly, or yearly basis for utmost consistency.
  • Address expense interests with both time-based vesting and event-based performance conditions.

Additionally, the ASC 718 tool is backed by a dedicated support team at Syndicately, poised to address any inquiries and support customers throughout the audit process.

Traditionally, finance teams were tasked with the laborious process of manually calculating ASC 718 expenses for monthly, quarterly, and annual financial statements. Thanks to our automated ASC 718 tool, finance teams can now effortlessly access expense and disclosure reports directly through Syndicately with just a few clicks.

This new tool will be available as an add-on for all LLC companies that are mandated to perform expense reporting for stock-based compensation in compliance with ASC 718 accounting standards.

Syndicately possesses the capabilities to offer a comprehensive SPV solution. Our team in the capital markets division is well-prepared to provide the necessary administrative services for the establishment, operation, and dissolution of Special Purpose Vehicles (SPVs) and holding companies.

Through an integrated and professionally-managed approach, our dedicated services open doors to various opportunities for a diverse clientele that spans the globe, including private equity firms, international banks, family offices, investment managers, asset financiers, and pension funds.

We maintain a presence in all the key jurisdictions commonly utilized in capital markets transactions and are recognized as trusted advisors in the global business arena. Regardless of your geographical location, the to our team of experts can efficiently guide you through the process of setting up your SPV structure.

If you are currently a Syndicately customer or totally new to the platform, please visit to schedule a demo.

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