A capital call or distribution notice arrived and needs recording.
In Rhodes: Investments → any investment → Transactions
Three transaction types:
- Contribution — a capital call, or money going in.
- Distribution — money coming back.
- Return of capital — all-or-nothing, no breakdown.
Attach the notice. Upload it to the investment's Documents, then edit the saved transaction and choose it under Source document (optional). The row then links back to it, so the number always has its paper behind it.
Breaking a transaction into line items
A distribution notice is rarely one number. Contributions and distributions can be split so the headline and the deductions are both visible.
On a contribution: Subscription (the part that counts against committed capital), Monitoring Fee, Management Fee, Audit & Tax Expense, Organizational Expense, Legal Expense, Late Fee, Other Expense. The line items must add up to the Total Amount.
On a distribution: Gross Distribution (the headline). Every other line — Carried Interest, Tax Withholding, Compliance Holdback, Operating Cashflows, Return of Capital portion, Other Adjustment — is subtracted from it, and the result must equal the Net Amount.
Recording the gross and the reductions separately is what lets the investment's Distributed total mean something, rather than quietly mixing net and gross.
If more than one of your entities invests in this deal, say whose position the transaction belongs to. Rhodes can't infer it, and a contribution on the wrong entity's books is hard to spot later.
Or just ask: "record a $250,000 capital call on Northgate Ventures II dated March 14 for Fenwick Trust." Chat shows you the transaction before writing it.