The line items
Opening balance, contributions during the period, distributions during the period, allocated profit or loss, and closing balance. Each line should trace to a specific record: a funded capital call, a distribution run, or an allocation entry.
Distribution character matters
A distribution can be a return of capital, a payment of preferred return, or a share of profit. These affect your capital account and your tax position differently, so a statement that shows only a total is incomplete.
Reconciliation
Add contributions, subtract distributions, apply allocations, and confirm you arrive at the stated closing balance. If the statement is generated from source records rather than re-keyed, that arithmetic will hold every period.