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Imagine being the CFO for a family office that manages the personal assets of an ultra-high-net-worth family dynasty like the Waltons – where billions of dollars span multiple companies, real estate holdings, and a wide range of alternative investments.
Every decision you make affects not just today’s balance sheet but the financial legacy of generations, making accurate accounting essential.
This guide dives into the top family office accounting software providers for 2025, highlighting solutions that fulfill accounting needs to streamline complex structures and ensure an entire portfolio of asset classes can be accurately tracked.
“Masttro is a tool that allows you to organize complex structures and give you space to grow.” — Pola Zaga, Director, Henco Family Office
Key Takeaways
Top Family Office Accounting Software for 2025
Family offices need accounting solutions that offer clarity, efficiency, and seamless integration. This table compares top platforms, highlighting key features like multi-entity consolidation, real-time financial insights, and alternative investment tracking—helping you find the right fit for managing complex wealth structures.
Choosing the Right Family Office Accounting Software
1. Sage Intacct – Best for Multi-Entity Financial Management
Why It Stands Out:
Sage Intacct is renowned for its cloud-based, multi-entity consolidation and advanced reporting that enhances day-to-day operations and reporting for family offices.
Key Features:
- Automated consolidations and customizable dashboards.
- Strong third-party integrations.
- Robust compliance and audit controls.
Insight:
When used in combination with Masttro, Sage Intacct’s consolidated data is enriched by the holistic wealth visualization of a top family office software solution that uses AI-powered tools for advanced document management. The Masttro platform automates manual data entry processes and enables family offices and wealth advisors to easily see every entity of a complex portfolio in a single pane of glass.
2. Softledger – Best for Cloud-Based, Real-Time Accounting
Why It Stands Out:
Softledger’s cloud accounting software provides real-time access and multi-entity management, making it ideal for family offices that need immediate financial analytics. Softledger enables you to be self-sufficient, very flexible, and easy to learn, with an average 45-day implementation time.
Key Features:
- Real-time reporting and automated journal entries.
- Seamless multi-entity support.
- Intuitive, user-friendly dashboards.
Insight:
By combining Softledger with Masttro, family offices can enhance data accuracy, reduce manual processes, and instantly visualize financial performance across all entities (liquid and illiquid assets) in a single source of truth, overcoming the common challenge of delayed reporting and with greater operational efficiency.
3. Asseta – Best for Adaptive, Integrated Accounting Management
Why It Stands Out:
Asseta excels in adaptive financial management, flexibly integrating data across disparate systems.
Key Features:
- Dynamic real-time reporting.
- Customizable modules tailored for family office needs.
- Robust API support for seamless connectivity.
Insight:
With Masttro, Asseta's accounting capabilities can be amplified. Family offices (plus financial institutions and wealth managers) gain a comprehensive, customized view of their entire asset allocation, from stocks and private equity investments and other assets, in a single dashboard. It transforms scattered data into actionable insights to enhance financial planning and assist with hassle-free client reporting.
A user in a Reddit discussion on family office accounting software added, "We’ve been using Asseta for our single-family office, and so far, we're loving it. They are a newcomer and not cheap, but it integrates every custodian, has a GL and a personal NW tracker."
4. FundCount – Best for Comprehensive Accounting and Investment Analysis
Why It Stands Out:
FundCount unifies accounting and investment analysis with a single general ledger that captures all transactions across various asset classes.
Key Features:
- Real-time general ledger and automated data feeds.
- Consolidated reporting across investments.
- Flexible accounts payable and analytics.
Insight:
Combining FundCount with Masttro can provide a more comprehensive accounting solution for family offices and financial advisors: they get precise accounting data with high-level wealth trends and deeper insights on alternative assets, plus Masttro's intuitive user experience, helping investment management teams achieve greater operational efficiency.
5. QuickBooks – Best for Ease of Use
Why It Stands Out:
QuickBooks is one of the most popular accounting software solutions on the market. It’s an affordable choice for family office and wealth managers looking for a user-friendly tool that provides customizable dashboards and reports that are accessible from any device, to readily support informed investment decisions.
Key Features:
- Easy to setup and use.
- Comprehensive tools for accounting-focused reporting.
- Integrates well with other platforms.
Insight:
Combining the easy-to-use QuickBooks accounting solution with Masttro’s powerful and unified wealth dashboard and intuitive user experience design, family office teams can obtain financial clarity across asset classes, from stocks to private equity and more.
Alternatives Reporting: From Below the Line to All of the Above
6. SumIt Software – Best for Accounting-Centric Operations
Why It Stands Out:
SumIt Software simplifies accounting for family offices with a focus on streamlined financial operations and third-party integrations, with detailed reports to enhance investment planning and business performance.
Key Features:
- Comprehensive financial reporting.
- User-friendly interface.
- Robust security and straightforward integration options.
Insight:
By working with SumIt and Masttro, detailed accounting data is elevated with visual dashboards and consolidated reporting – providing deep insights into financial health. This is vital in reporting across asset classes (both liquid and illiquid assets) for family offices and to support client relationship management in larger firms and advisory services.
7. NetSuite – Best for Scalable Cloud-Based ERP Solutions
Why It Stands Out:
NetSuite offers a modular suite that scales with your family office’s growth, covering everything from general ledger to advanced tools for reporting and compliance.
Key Features:
- Real-time analytics with multi-entity support.
- Scalable modules and global compliance management.
- Integrated ERP features that evolve with business needs.
Insight:
NetSuite’s robust financial data reporting service, when enhanced with Masttro’s dynamic visualization tools, customizable dashboards, and ability to provide a consolidated picture of multi-asset portfolios, empowers family offices to manage growth and scalability efficiently.
8. Financial Navigator – Best for High-Net-Worth Individual Accounting
Why It Stands Out:
Financial Navigator is tailored to meet the unique needs of high-net-worth family offices, offering detailed tracking and double-entry accounting for complex financial scenarios.
Key Features:
- Investment and portfolio tracking.
- Detailed financial statements and reporting.
- Integration with bank and brokerage accounts.
Insight:
Combining Financial Navigator with Masttro bridges the gap between intricate accounting details and a high-level consolidated view, ensuring that every financial nuance is captured and visualized, enhancing family office operations significantly.
FAQs
How does Masttro enhance traditional accounting software?
Masttro aggregates data from each platform, delivering real-time dashboards that provide a single, unified view of wealth. This integration streamlines processes, improves data accuracy, and facilitates quicker financial decisions.
What common challenges does Masttro address?
It eliminates manual data reconciliation, accelerates financial consolidation, and resolves data silos—ensuring that all entities and asset classes are visible and actionable.
Can I customize the views to match my family office's unique needs?
Yes. Each solution, when integrated with Masttro, offers customizable dashboards that let you focus on the KPIs that matter most to your wealth management strategy and performance reporting needs.
What are the capabilities of Masttro?
While vendors excel in specialized accounting functionality, Masttro’s holistic approach and intuitive user experience provide clarity and context across the entire financial landscape – helping you make smarter, more informed decisions.
Why A Holistic View Matters
While many roundups and vendor pages focus solely on accounting software features and pricing, we know that family offices need a holistic view of their wealth. By pairing these software solutions with Masttro, they can do more than solve accounting challenges, such as:
- Consolidate data from multiple systems into one unified dashboard.
- Automate and streamline repetitive accounting tasks and reporting.
- Gain actionable insights in real-time to support informed decision-making.
- Improve user experience via a highly intuitive digital ecosystem powered by web and mobile apps.
Conclusion
Our guide lists the top family office accounting software options for 2025 but also details how working with Masttro gods beyond accounting to provide actionable, real-time insights that this powerful family office wealth management platform enables.
Covering both well-known and niche software solutions that offer a broad range of features, this guide helps family offices – from single to multi-generational – to find the perfect fit for their comprehensive reporting and accounting needs.
With a clear, user-focused structure and practical FAQs, this guide offers decision-makers a route to peace of mind in finding the solution that delivers comprehensive, actionable intelligence to streamline complex wealth structures and achieve operational efficiency.
