Microsoft Implementations for Family Office Management
Focusing on Family Office
The unique and complex accounting and reporting requirements of managing a Family Office with traditional accounting software is a challenge, to say the least. Ownership administration, capital distributions, fair market value adjustments and tax projections frequently require off-system spreadsheets and other tools to manage portfolios. Working with a software system that can handle these and other issues will allow for more time to focus on the real challenges. The administration of investments, specifically cash flow management is a key differentiator in private equity. Investor capital, fees, distribution of gains from investments, dividends or interest is erratic and unpredictable. It is imperative in this asset class to have a system in place to monitor these cash flows reliably and efficiently. With Sikich Family Office reporting becomes less cumbersome and can be accomplished through the utilization of fully integrated Excel and BI tools
We Understand Complex Accounting and Reporting Requirements
As one of the top 35 largest CPA firms in the country, we understand the complex accounting and reporting requirements of managing a Family Office; particularly the administrations of investments and cash flow management. Among the top 1 percent of all enterprise resource planning solution partners in the world, and member of Microsoft’s Inner Circle, we’ve developed tools, best practices and implementation methodologies to help Family office companies’ companies better manage their wealth, with compliant, consolidated bookkeeping.