A SAFE converting to Preferred after a priced round isn't a sale. Recording it as one creates false realized proceeds, breaks your audit trail, and turns every quarterly reconciliation into a manual cleanup job.

Conversions are now a native transaction type in PortfolioIQ.

One form. Every conversion type. Full or partial, one security or many - add sources, add targets, enter units, and submit. Cost basis transfers automatically. Zero realized proceeds.

Cost basis that stays accurate. Pro-rated automatically for each source. Override it if your fund admin uses FIFO or specific identification. Total cost out always equals total cost in.

A transaction log that tells the whole story. Every conversion generates linked Convert Out and Convert In entries. Filter by type, isolate conversions, and reconcile without piecing together mismatched Sale and Purchase pairs.