Orchestrate complex expense allocations with confidence

Authors: Sam Engel, Eric Morelli

Read time: 2 minutes

Published date: 2 April 2026

Simplify expense allocation with automated invoice extraction, flexible allocation methods, and unified multi-entity payment management.

Extract invoice details instantly, reducing data entry

The moment you upload an invoice, Optical Character Recognition (OCR) instantly extracts key operating expense data including the amount, GL codes, relevant entities, and payee details.

By matching this data against your book of payees in Accounts Payable, the system derives recipient bank accounts and wire instructions. This moves you from upload to payment submission with minimal manual data entry, tethering transactions to previously verified sources for a defensible audit trail.

New Expense Allocation Experience

Simplify expense allocation with automated invoice extraction, flexible allocation methods, and unified multi-entity payment management.

Execute LPA-compliant allocations with precision

We’ve expanded our allocation capabilities for more granular control. You can now select specific pro-rata methods—such as commitment, invested capital, or number of LPs—to allocate costs across Funds, SPVs, and Feeder structures. Should your allocation require adjustment, you can reset and apply a different attribute in seconds to keep your data accurate.

Simplify multi-entity payments

We’ve introduced a new payment table that allows for multiple paying entities within a single workflow. For each entity that owes an allocated amount, you can choose to pay directly from the owing entity or on its behalf from another entity (such as a management company). The system automatically generates the necessary intercompany journal entries to ensure your books tie out.

Verify cash availability with real-time balances

Choosing a paying entity automatically prepopulates its default bank account. To ensure liquidity, the system displays real-time bank balances alongside your selection. This direct link between your ledger and bank provides immediate clarity, helping you decide whether to pay directly from the owing entity or front the cost through another entity like the management company.

About the Authors

Author: Sam Engel

Sam Engel is a Lead Product Marketing Manager for Carta's Fund Administration product. Prior to Carta, he ran a consultancy specializing in marketing strategy and market research, and also built marketing programs at startups.

Author: Eric Morelli

Eric Morelli is a senior product manager focused on building out Carta’s mobile experiences. Prior to joining Carta, he spent time working in the consumer messaging app space as well as developing AI products for enterprise customers.