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Family Office

BUSINESS APPLICATIONS FOR FAMILY OFFICE

Manage your operations with software precision

FOCUSING ON FAMILY OFFICE

The unique and complex accounting and reporting requirements of managing a Family Office with traditional accounting software is a challenge, to say the least. Ownership administration, capital distributions, fair market value adjustments and tax projections frequently require off-system spreadsheets and other tools to manage portfolios. Working with a software system that can handle these and other issues will allow for more time to focus on the real challenges. The administration of investments, specifically cash flow management is a key differentiator in private equity. Investor capital, fees, distribution of gains from investments, dividends or interest is erratic and unpredictable. It is imperative in this asset class to have a system in place to monitor these cash flows reliably and efficiently. With Sikich Family Office reporting becomes less cumbersome and can be accomplished through the utilization of fully integrated Excel and BI tools

WE UNDERSTAND COMPLEX ACCOUNTING AND REPORTING REQUIREMENTS

As one of the top 35 largest CPA firms in the country, we understand the complex accounting and reporting requirements of managing a Family Office; particularly the administrations of investments and cash flow management. Among the top 1 percent of all enterprise resource planning solution partners in the world, and member of Microsoft’s Inner Circle, we’ve developed tools, best practices and implementation methodologies to help Family office companies’ companies better manage their wealth, with compliant, consolidated bookkeeping.

COMPLIANT, CONSOLIDATED BOOKKEEPING

Sikich Family Office Management for Microsoft Dynamics is a full-featured, fully integrated enterprise financial system for single and multi Family Offices. Deployed either onpremise or cloud-based, Sikich Family Office allows you to manage your family office aspects of financial management, treasury responsibilities, ownership accounting, consolidations, distributions, capital calls, sales and use tax management, tax projections, tax reporting, asset aggregation and flexible performance reporting.

SIKICH FAMILY OFFICE MANAGEMENT FOR MICROSOFT DYNAMICS DELIVERS:

  • Internal/External investment management
  • Active/Inactive tracking
  • Flexible Capital Calls with automatic document creation and storage
  • Flexible Distributions with supporting owner report creation and storage
  • Individual ownership ledgers to track entire transaction history in detail
  • Percent of ownership managed automatically, manually, or automatic with manual override
  • Tax Projection on demand
  • Roll-up/drill-down financial reporting
  • Flexible, dimension based chart of accounts
  • Automatic Due To/Due From accounting
  • Hundreds of entities managed seamlessly
  • Actual, fair market value, tax and statistical books maintained concurrently
  • Distribution of earnings
  • Earnings Accruals
  • Fair Market Value tracking
  • Sweep management
  • Taxable income projections by entity based on optionally annualized actual GL data
  • Projected K-1 and other manual adjustments
  • Consolidated Projected Income Calculation by owner for any reporting period
  • Separation of S-Corp and Non-S-Corp
  • Multiple projections in the same year
  • Interface to major tax preparation software for tax calculation
  • Vouchers and checks issued centrally, separated by entity
  • Sales and Use tax accruals
  • Electronic Fund Transfers
  • Vouchers and checks issued centrally, separated by entity
  • Sales and Use tax accruals
  • Electronic Fund Transfers
  • On Premise deployment
  • Cloud deployment

COMPREHENSIVE SERVICES FOR ALL YOUR TECHNOLOGY NEEDS

ERP FULL-LIFECYCLE SERVICES

We offer a comprehensive range of essential services, from ERP selection, to business change management, ERP customization and integration, to training and support.

MANAGED SERVICES

Streamline technology management and get the support required to increase profitability, reduce costs and improve client satisfaction.

BUSINESS INTELLIGENCE

Deliver the right information, to the right person, at the right time for faster, better informed decision making across the organization.

SECURITY & COMPLIANCE

We’re passionate about helping secure the information that’s most important to running your business smoothly. From security assessments to investigating attacks, we do it all.

Customer Relationship managemennt

Maximize your return on investment, build customer trust, loyalty, and insight while enabling your sales, marketing and services professionals to be more productive.

CLOUD SERVICES

Scale quickly as your company grows, reduce infrastructure costs and space requirements and access your data from anywhere, at anytime to arm your employees with the necessary information to make decisions at the speed of business.