Family Office Accounting Overview

Excelor provides accounting software and services to family offices. We have experience installing, maintaining and servicing family office accounting software.

Excelor has worked with various family offices. We understand the high discretion and integrity required to work with these firms. We partner with CFO’s and controllers, CTO’s and COO’s to implement family office accounting solutions in a third of the time. Typical family offices have exceeded the capacity of QuickBooks or Peachtree. They are buying or investing in private companies, similar to a private equity firm.

Components of Family Office Accounting 

Our family office accounting clients have used our solutions for the following family office internal operations:

  1. Portfolio Company Accounting
  2. Investment Accounting
  3. Family Office Accounting
  4. Special Purpose Vehicle/Entity (SPV/SPE)
  5. Discreet charitable donations

Benefits of Family Office Accounting

  • Provide flexible inexpensive solutions-
    • other software solutions are customized and very expensive
    • our solutions use Microsoft products that we configure for your requirements
  • Reduce internal family office operational costs-
    • by creating a more efficient process costs are always lowered
    • ongoing costs are more inexpensive for existing software
  •  Increase productivity-
    • virtually eliminate CFO and controller’s time converting and modifying excel spreadsheets from QuickBooks
    • verifying excel spreadsheet data for accuracy
    • accessing correct reports quickly
    • providing more time for the finance team to conduct analysis

What are some of the accounting challenges family offices face? 

How does Excelor solve this? 

For more information please contact us.

*Due to the nature of our industry, Excelor has non-disclosure agreements with all of our clients. Your email is considered confidential and private.

Firm Examples

  • Took over a disparate Microsoft Great Plains system for a large Family Office. Excelor modified the Chart of Accounts for best practices and maintained the system on an ongoing basis. The system now handles over 40 portfolios and is much more efficient for producing reports.
  • The Family Office required multiple family accounts and also required a way to give discreet charitable donations with safe cyber security practices.  Excelor was able to help with Microsoft Great Plains and now the Family Office is able to run their accounting practices more efficiently.