Accounting software for family offices
Family office accounting software has to keep many entities straight with a very small team. Adopt keeps each entity’s books and monthly close current, and your team approves every entry.
How family offices handle this today.
Many entities, few people. Trusts, holding companies and LLCs each need their own books.
Money moves between entities. Transfers, loans and distributions have to be recorded on both sides.
Personal and business mix. Household and investment spending share the same cards and accounts.
Privacy matters. Few people should see everything, and every change should be traceable.
Family office accounting, entity by entity
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Activity coded, with reasons
Distributions, transfers, property costs and household spending each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for family offices
Every entity kept separate
Each trust, company and LLC keeps its own books.
One entity or the whole family
Review a single entity or all of them from one place.
Approvals on record
Every entry shows who approved it and when.
FAQs
It keeps the books for a family’s entities: activity recorded, every account reconciled and statements produced for each entity. Adopt prepares that work and your team approves it.
No. Portfolio reporting stays with your custodian or investment system. Adopt keeps the accounting books for each entity and reconciles the bank and card accounts.
Yes. Each entity keeps its own books, and you can review one entity or all of them.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for family offices
Every entity, in order.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
