Top 5 Accounting Software for Family Offices

Family offices face unique accounting challenges, from managing multi-entity structures and complex ownership hierarchies to consolidating financial data across asset classes and currencies. Traditional business accounting tools often fall short, which is why many are turning to dedicated family office accounting software built to handle their specific reporting, consolidation, and operational needs.

In this guide, we break down five leading accounting platforms built for family offices, including their core client focus, regional coverage, regulatory compliance, and key capabilities.

QuickBooks

Year founded: 1992 | $

QuickBooks is a widely-used accounting software offering essential financial tracking tools, such as bookkeeping, invoicing, and tax management. It’s known for its ease of use and scalability, suitable for businesses of varying sizes.

Its fast setup, intuitive interface, and strong ecosystem of integrations make it an efficient option for offices seeking simplicity and cost-effectiveness in their day-to-day financial management.

Best for: Smaller family offices with straightforward finances looking for an easy-to-use, cost-effective accounting solution.

Core Client Segment

Regulatory

Regions Served

Features & Capabilities

Sage Intacct

Year founded: 1999 | $$

Sage Intacct is a cloud-based financial management platform that excels at multi-entity consolidation, dimensional reporting, and automation of core accounting workflows.

With strong compliance features and an open API for integrations, it provides the scalability and control growing family offices need for advanced general ledger and financial operations.

Best for: Growing family offices needing scalable multi-entity accounting, advanced reporting, and strong financial controls.

Core Client Segment

Regions Served

Features & Capabilities

*All images from company websites

Reporting platform for accountants: Why choose Asora

Asora is an ideal consolidated reporting platform for accountants working with family offices. It integrates financial data across multiple sources, offering timely, customisable reports that simplify complex financial analysis.

Key benefits include:

• Data aggregation: Consolidates financial information for easy access and reporting.
• Customisable reports: Tailor reports to meet specific client needs.
• Timely insights: Access up-to-date financial information for faster decision-making.
• Seamless integration: Works alongside other tools for a streamlined workflow.

Asora empowers accountants to deliver accurate, insightful reports efficiently, without replacing core accounting software. It’s the ideal solution for enhancing reporting capabilities while saving time.

How to pick the best accounting software

Selecting the right accounting software is a critical step in building a well-run family office. Whether your focus is simplicity, scalability, or managing complex multi-entity structures, the best solution will depend on your operational needs and investment profile.

While each platform has its strengths, Asora complements your accounting system by delivering timely, customisable reporting across entities and asset classes. It’s a powerful layer that transforms raw data into clarity, enabling better decisions.

With the right accounting and reporting tools in place, family offices can improve efficiency, gain transparency, and confidently manage wealth for generations to come.

FAQs: Family Office Software