Family office accounting software for multi-entity families
Family office accounting software has to handle many entities at once: trusts, partnerships, LLCs and foundations, each with its own books, intercompany flows and tax deadlines. Most offices keep a general ledger they already trust and need the work around it, such as entity records, cash reporting and year-end preparation, to stop living in spreadsheets.
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Who this is for
Teams keeping the books for many entities
Controllers, CFOs and accountants at single family offices who keep the books for several family entities and coordinate with outside tax advisors.
The challenge
The hard part is everything around the ledger
The number of entities only grows: a trust for each generation, a holding company for each direct investment, a partnership for real estate, a foundation for giving. Each one has its own books, its own tax return and its own deadlines.
The hard part is rarely the ledger itself. It is everything around it: money moving between entities, K-1s that arrive late, a tax advisor waiting on documents, and a principal who asks how much cash the family has across everything today.
What good looks like
What well-run multi-entity books look like
- One current record of every entity: owners, purpose, accounts and deadlines.
- The same chart of accounts across entities, so totals can be combined.
- Intercompany flows recorded on both sides, every time.
- Every expected tax form tracked from expected to received to sent.
- Cash across all entities known today, not at month end.
Where the manual way breaks
Trackers drift as soon as the team is busy
Trackers drift out of date as soon as the team gets busy. K-1s arrive after the deadline they were tracked against. Cash across all entities means logging into every bank. And because the knowledge lives in a few people's heads and inboxes, it walks out the door when someone leaves.
How Elevation AI does it
What changes for your team
Elevation AI is the agentic OS for private markets: one secure platform for your firm's data, apps and AI agents. Your ledger stays; the work around it is handled, for every entity.
- Year-endchasing documents across inboxes becomes one view of what is in and what is outstanding, by entity.
- Cashlogging into every bank becomes cash across all entities on request, with sources.
- Knowledgehistory held in a few people's heads becomes a record the whole team can use.
By the numbers
65% of family offices are concerned about retaining key staff, and 70% report difficulty hiring, according to Campden Wealth and AlTi Tiedemann Global's Family Office Operational Excellence Report 2025. When the books for a dozen entities live in a few people's heads, every departure puts the close and the tax calendar at risk.
FAQ
Questions, answered
It depends on how many entities you run, which general ledger your team and tax advisors already use, and how much of the work around the ledger you want handled. Many offices keep the ledger they trust and add a layer that connects entities, banks and documents rather than migrating everything at once.
With a consistent chart of accounts, clear intercompany rules, a monthly close for each entity and one entity record everyone works from. Combining totals is only reliable when every entity is booked the same way.
Keeping an accurate, current record of every entity the family owns: ownership, purpose, accounts, documents, filings and deadlines. Good entity management is what makes reporting and tax preparation possible.
Track every expected tax form by entity, agree deadlines with your tax advisor at the start of the year, and keep each entity's year-end documents together. Late K-1s are the most common cause of delays, so chase them early.
See it across your own entities
A private walkthrough shows your entities, banks and accounting software connected in one place.