Multi-series accounting

Multi Series  Accounting Multi series  accounting is considered one of the simplest and transparent forms of equalisations and is prevalent in a US funds . Under this  method,  instead of having a single class and NAV,  each time an investor subscribes to  the fund,  they are issued with a new series  of shares with a $100 GAV (for example). This is then tracked  separately to the other series  in issue and income/expenses are allocated accordingly. Once the  crystallisation point then arrives,  the different  series can all be converted into the initial series.