A mutual fund is an investment company that pools the money of share-holders and invests it in stocks, bonds, money-market instruments, and other assets. 

Fund accounting is serious business, it refers to the maintenance of the financial records of the investment fund. Accounting records must be kept for the investors activity, the portfolio activity, the income earned and the expenses incurred by the fund. The fund manager will have a fiduciary responsibility to not only ensure the safety of the funds asset but the accuracy of the pro-rata distribution of the funds earnings and expenses.

Critical Links:

The 5GL Mutual Fund

The 5GL Mutual Fund – Vision

The 5GL Investment Portfolio

We are rolling along; family has begun to deposit to the 5GL and I have developed the needed records:

Investors, and Fund Cash Activity:

Date	#	Description	Net Cash Deposits  (Withdrawals)
1/1/2022		Beginning	$21.84
1/9/2022	2	5GL_ Deposit	$149.00
1/9/2022		LLC Registration	($149.00)
1/23/2022		Purchased BTC CC	($48.88)
1/24/2022		Purchased PFIZER	($50.00)
1/24/2022	2	5GL_ Deposit	$20.00
1/24/2022	6	5GL_ Deposit	$50.00
1/24/2022	7	5GL_ Deposit	$50.00
1/26/2022	8	5GL_ Deposit	$200.00
1/26/2022	1	5GL_ Deposit	$100.00
1/27/2022		Purchased NOVAVAX	($50.00)
1/27/2022		Purchased BLINK CHRG	($50.00)
		Cash Balance	$242.96